Tobacco to rise in price in Ukraine by almost 20% in 2019 – NBU

Alcoholic beverages may go up in price by 6-9% in 2019-2021 annually.

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The National Bank of Ukraine (NBU) envisages a 19% rise in prices of tobacco products in its forecast for inflation in 2019.

Read alsoExcise tax on tobacco to increase by 9% from July 2019

However, the growth rate of prices of tobacco products will slow to 12% in 2020-2021, according to the NBU's January 2019 Inflation Report.

Alcoholic beverages may go up in price by 6-9% in 2019-2021 annually.

As UNIAN reported earlier, the National Bank maintained its forecast for the growth of real GDP in Ukraine at 2.5% amid 6.3% inflation at the end of 2019.

The forecast for 2020 also remained unchanged: Ukraine's economy is expected to grow by 2.9% amid 5% inflation.

The central bank also says Ukraine's GDP may grow by 3.7% in 2021 amid 5% inflation.

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