Consumer inflation in Ukraine continues to accelerate – NBU

The State Statistics Service's data on inflation in May has not yet been made public.

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The National Bank of Ukraine (NBU) says consumer inflation in Ukraine in May 2019 continued to accelerate.

The acceleration is primarily due to temporary factors, including the rise in prices of certain types of vegetables and fuel.

The central bank expects that in the second half of the year, the influence of the said factors will be leveled due to the new crop's vegetable sales and the cheapening of energy resources in the global market.

Read alsoNBU keeps key policy rate unchanged at 17.5%

The NBU recalled that the macroeconomic forecast published in April provided for a gradual slowdown in inflation to 6.3% and 5% in 2019 and 2020, respectively.

However, the National Bank and the State Statistics Service have not yet made public official inflation rates posted in May 2019.

As UNIAN reported earlier, inflation in Ukraine in April 2019 accelerated to 8.8% in annual terms. The largest price increase was recorded for vegetables (47.1%).

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