Ukraine inflation to slow down in coming months

19.03.2018

In annual terms, it will start to slow down as early as the next few months, it’s clear,” Deputy Head of the NBU Dmytro Solohub told reporters Friday.The figures at the beginning of the year look positive, once again on the background of the fact that in the world economy we also see quite positive trends with the price situation and with the rates of economic growth,” he said.As UNIAN reported earlier, from March 2, the National Bank raised its key rate to 17%.

It was the fourth time in a row that the rate was increased, following a 16% rise in January, 14.5% in December and 13.5% in October 2017. Inflation in Ukraine in February 2018 compared with February 2017 slowed to 14% from 14.11% a month earlier.

The National Bank predicts a decrease in inflation to 8.9% at the end of 2018, which almost corresponds to the government’s forecast at 9%.


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