The NBU expects inflation to decline from the next year onward thanks to: a gradual setting up of logistics and production a slowdown in global inflation  1/4  BIS - Central bankers' speeches  moderately tight monetary conditions prudent monetary policy of the government and refusal from monetary financing of the budget.
A decline in security risks, which is the main assumption of the NBUs baseline forecast, will allow: improving inflation expectations lowering business risks reducing production costs and setting up logistics recovering the production capacity. All of this will contribute to inflation declining below 21% next year and to below 10% in 2024.