In July, total inflation in Ukraine is anticipated to rise slightly, while core inflation will continue its downward trend. 

This information was shared by the National Bank of Ukraine.

The NBU has revised its inflation forecast to reflect greater losses from the war, the transfer of rising business costs to prices, worsening harvest outlooks, and the actual weakening of the hryvnia against the euro.

It is expected to slow down to 9.7% by 2025 (previously expected at 8.7%), 6.6% in 2026 (previously - 5%), and a target of 5% in 2027.

"Inflation dynamics in the coming months will largely depend on the actual impact of weather conditions on the supply and prices of agricultural products," the report states.

Measures of monetary policy, gradual increases in harvests, moderate external price pressures, and improvements in the labor market amid currency market stability and sufficient international financing will contribute to reducing inflation.