Photo from UNIAN
The central bank suggests prices will be rising slower than this year.
The National Bank predicts a slowdown in inflation in Ukraine in 2019 to under 7% from 9.8% in 2018, as stated by NBU Governor Yakiv Smolii, who delivered his report at the Verkhovna Rada on Thursday, Jan 17.
“We predict that by year-end, inflation will be no more than 7%,” said Smolii.
According to the financial regulator chief, the NBU target for the current year is 5% plus/minus 1 percentage point.
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As UNIAN reported earlier, inflation in Ukraine in December 2018 was at 9.8% in annual terms, slowing down from 13.7% in similar terms a year earlier.
The National Bank of Ukraine predicted a slowdown in inflation to 6.3% in 2019, the Cabinet of Ministers – to 7.4%, the International Monetary Fund and the World Bank – to 7.3%.
According to the consensus forecast by experts polled by UNIAN, this year, Ukraine will see a slowdown in consumer price growth to 7.2%.