Despite the expected slowdown in inflation in May, price pressures and elevated inflation expectations remain.

Governor of the National Bank of Ukraine Andriy Pyshnyy announced this at a briefing, an Ukrinform correspondent reported.

According to him, consumer inflation eased to 8.2% year‑on‑year in May, driven by increased supply of raw food products. At the same time, core inflation accelerated slightly to 7.9%. Both indicators exceeded the NBU’s forecast due to stronger secondary effects from earlier energy price hikes.

The NBU noted that while overall inflation expectations remain stable, they are still elevated among part of the population.

Read also: NBU downgrades 2026 GDP growth forecast