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.

“An ample supply of raw food products will help contain inflation in the coming months. However, price pressures will persist due to rising business costs from higher energy prices and previous hryvnia depreciation, as well as continued wage growth amid labor shortages,” Pyshnyy forecast.

He added that stabilization of energy prices, larger harvests, and the impact of NBU monetary policy should help return inflation to a steady downward trajectory toward the 5% target in 2027.

As reported earlier, consumer prices in Ukraine rose 0.9% in May compared with the previous month, while annual inflation slowed to 8.2% from 8.6% in April.