Inflation at the end of 2026 will be greater than predicted: when to expect a decline

06.11.2026, 09:00◉ 01 min readEditorial team “SHCHO STALOSIA”

The National Bank predicts an acceleration of inflation in 2026 to 12.5%, but in 2027 it will begin to decline. this is stated in the NBU Inflation Report.

Inflation at the end of 2026 will be greater than predicted: when to expect a decline

According to the regulator, only the consequences of the shelling will add about 0.7 pp to the annual inflation. Other important factors that will affect the price dynamics are the effects of rising fuel prices and the expansion of budget incentives.

The Board of the National Bank of Ukraine decided to raise the discount rate from 16% to 16.5%.

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"In 2027, inflation will slow to 7.3% YoY. This should be facilitated by the expected decline in world oil prices and monetary policy measures," the National Bank added.

The regulator plans to continue to maintain the attractiveness of hryvnia assets and the stability of the foreign exchange market, which will limit price pressure. Also, inflation will be restrained by a likely cooling of domestic demand and the labor market in the coming months due to the consequences of Russian attacks.

Sources and confirmations:

This story is confirmed by 2 independent sources.

Економічна правда · 06.11 09:00
NV — Бізнес · 06.11 13:36