Inflation in Ukraine has been declining for the second month in a row, in particular, in February, the indicator fell from 26.0% to 24.9% in annual terms. This is evidenced by the data of the State Statistics Service.. The National Bank commented on this trend on inflation.

First, according to the regulator, inflation is falling faster than the NBU expected..

Secondly, inflation was reduced by:.

increased supply of food and fuel;

better energy situation;

improvement in inflation expectations and a favorable situation in the foreign exchange market, in particular, due to the measures taken by the NBU.

This offset the effects of higher business costs incurred to ensure business continuity during power outages..

Thirdly, the NBU expects that inflation will continue to decline in 2023.

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It was reported that the currently observed strengthening of the hryvnia exchange rate at bank cash desks and exchange offices has a rather limited impact on inflation, since the hryvnia is strengthening only in certain segments of the foreign exchange market, in particular, in cash..