National Bank expects deflation in Ukraine in August

Source : 112 Ukraine

Odds are experts will have observed deflation processes while assessing the last month’s situation, too
15:52, 3 August 2017

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.

Related: International reserves in June grow by 2%, to $18 billion, - NBU

Related: Ukraine’s external debt grew by 0,11% in I quarter 2017, - NBU

Related: Donbas blockade’s influence on Ukraine’s currency to be minor, - NBU

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