National Bank of Ukraine, the NBU, expects deflation in the country’s economy to be observed in July and August.
According to the Bank’s statement released on Thursday, the actual inflation level in June (15.5 percent) was higher than expected in the forecast of the National Bank; this happened due to hastily increasing prices for raw food products. ‘However, there is a high possibility of observing deflation in July, which will continue in August. Respectively, the y.o.y. inflation level will gradually reach the dynamics, forecasted by the National Bank,’ the message says.