KYIV, Oct 31 – The National Bank of Ukraine (NBU) revised its inflation forecast for 2024 from 8.5% to 9.7% and for 2025 from 6.6% to 6.9%.

"In the coming months, the pressure on prices will persist due to the further impact of food supply factors, increases in budget expenditures, rapid wage growth, and wider energy shortages during the heating season. As a result, inflation will hit 9.7% at the end of 2024," NBU Governor Andriy Pyshnyy said at a press briefing on Wednesday.