Ukraine inflation to slow down in coming months – central bank

"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.

He chose not to make a more accurate forecast, but cited last year's figures as an example. In 2017, "the inflation shock began to unfold starting in April."

Solohub also noted positive dynamics of Ukraine's GDP this year.

"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.

Read alsoNBU weakens official forex rate to UAH 26.27 to dollarAs 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.

Read alsoInflation in Ukraine in February exceeds central bank's benchmarkThe 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%.

According to the current forecasts of the International Monetary Fund and the World Bank, inflation in Ukraine this year will slow down to 7%.