Actual inflation in Ukraine higher than central bank's forecast due to fuel prices, comparative basis

The growth of fuel prices accelerated to 22.7% in annual terms.

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Actual inflation in Ukraine in September 2018 was 8.9% year-over-year, which was higher than the central bank's forecast published in July (8.3%) due to fuel prices and the comparative basis.

Read alsoIMF expects inflation in Ukraine to slow to 9% in 2018

The core inflation in September remained unchanged compared to the indicator reported in August (8.7% year-over-year, y-o-y), while the growth of fuel prices accelerated to 22.7% in annual terms against the backdrop of a rapid increase in world oil prices and the weakening of the hryvnia.

The regulator says inflationary pressure remains high due to steady domestic demand, rapid growth of wages and a sharp rise in oil prices on global markets.

A new inflation forecast will be announced on October 25, it said.

As UNIAN reported earlier, inflation in Ukraine in September 2018 was estimated at 8.9% y-o-y, slowing down from 9.9% in July 2018.

The National Bank predicts inflation by the end of 2018 at the level of 8.9%, which almost corresponds to the government forecast set at 9%.

The International Monetary Fund and the World Bank expect this year's inflation in Ukraine to reach 9% and 10%, respectively.

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