Photo from UNIAN
A significant slowdown in the inflation rate in the second quarter of this year is the result of the central bank's consistent and restrained monetary policy.
Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said the dynamics of consumer prices in Ukraine in the first half of the year indicates an improvement, but given the possible seasonal acceleration of inflation in October-December, there is no certainty that this year it will go down to the NBU target of 6% +/- 2 pp.
According to his post on Facebook, a significant slowdown in the inflation rate in the second quarter of this year is also the result of the consistent, restrained monetary policy of the NBU.
Danylyshyn noted a possible further increase in fuel costs against the backdrop of growing world oil prices, as well as higher prices for transportation services due to a rise in the cost of public transport, among key factors of non-monetary nature that could affect inflation in July.
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At the same time, there are factors of non-monetary nature that can positively influence inflation iths month, including the slowdown in producer price growth, significant seasonal increase in the supply of horticultural goods, and the likely strengthening of the hryvnia forex rate.
As UNIAN reported earlier, inflation in Ukraine in June 2018 year-over-year was 9.9% against 11.7% in May 2018 year-over-year.
The National Bank of Ukraine forecasts inflation as of the end of 2018 at 8.9%, which almost corresponds to the government's forecast set at 9%.
Both the International Monetary Fund and the World Bank expect 10% inflation in Ukraine in 2018.