KYIV, Dec 8 – The National Bank of Ukraine (NBU) said Thursday that inflation, which accelerated to 26.6% year-on-year in October, will probably start slowing down from the second quarter of 2023.

"The growth of consumer prices in Ukraine in October accelerated to 26.6% year-on-year. According to preliminary estimates of the NBU, in November inflation continued to grow, but at a lower rate than expected in the October forecast … Inflation dynamics remains controlled ... In the second quarter of next year, a cycle of annual inflation slowdown is expected to begin," the report says.