7.9% inflation of hryvnia in Sept in annual terms suits National Bank's forecast
The pace of inflation in Ukraine in September in annual terms at 7.9% suits the forecast of the National Bank of Ukraine (NBU) projecting the return to 12% as of late 2016.
The assessment is outlined in NBU's comments to the inflation data for September
published by Ukraine's State Statistics Service.
The NBU said that the annual inflation slowed in September thanks to the slow of the underlying inflation and a rise in the prices of raw food by 6.3% and 3.5% respectively.
The acceleration of inflation in September compared to the previous month after a three-month deflation was expected, and the indicator is even lower than the central bank anticipated.
The NBU said that growth of the basic consumer price index in September by 2% is first linked to the increase in the prices of clothes, shoes and education. It was also affected by hryvnia devaluation in August-September.