Actual inflation in August exceeded the trajectory forecast of the National Bank of Ukraine (NBU) is primarily due to the high rate of growth of prices for food and increased pressure on prices from production costs. About it reports a press-service of the NBU.
“The actual inflation rate in annual terms has exceeded the trajectory of the National Bank forecast published in the inflation report for July 2017. This is mainly due to high growth of prices for food products due to further mapping of factors on the supply side (adverse weather conditions in the spring of this year, significant exports of meat and dairy products), as well as increased pressure on prices from production costs”, – reported in national Bank.
- The state statistics service has updated data on inflation in Ukraine
The NBU noted that the current dynamics of the consumer price index and its components reinforce the fears that the inflation figure for the end of 2017 may deviate from the center point of the target range of 8% +/- 2 percentage points as provided in the July forecast.
The underlying inflationary pressures will remain moderate, according to the national Bank, a General inflation closer to the Central point of the target range in the second quarter of 2018.
We will remind, the National Bank of Ukraine in General that expect inflation at the end of 2017 will slow to 9.1%.
Earlier experts already predicted that inflation in 2017 may exceed the budgeted forecast of 8.1% and compared to last year.