REUTERS
The regulator noted that the decline in global oil prices and the strengthening of the hryvnia exchange rate contributed to a slowdown in the growth of fuel prices.
The forecast of the National Bank of Ukraine regarding consumer inflation at the end of 2018 at 10.1% in annual terms remains relevant.
“Despite insignificant deviations in price growth rates for various groups of goods in November, the forecast of consumer inflation at the end of the year (10.1% year-on-year) remains relevant,” reads the NBU comment regarding the actual indicators released by the State Statistics Service, stating that in November inflation accelerated to 10% in annual terms.
It is noted that inflation in annual terms in November was close to the forecast published in the NBU's October inflation report, while slightly higher rates of core inflation and growth rates of administratively regulated prices were almost completely offset by low growth rates of prices for raw food products.
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In addition, the regulator noted that the decline in global oil prices and the strengthening of the hryvnia exchange rate contributed to a slowdown in the growth of fuel prices.
As UNIAN reported earlier, inflation in Ukraine in November 2018 in annual terms - as compared with November 2017 - was at 10%, accelerating from 9.5% in annual terms a month earlier.
The National Bank predicts inflation at the end of 2018 at the level of 10.1%, and the government – at 9%. The International Monetary Fund and the World Bank expect inflation in Ukraine this year to reach 9% and 10%, respectively.