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However, inflation rate will remain low in the following couple of months.
Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn says inflation in Ukraine may fail to drop to the target of about 5% and the regulator's forecast at 6.3% at the end of 2019.
Given the growth in supplies of fruit and vegetables in late summer-early autumn, as well as revaluation of the hryvnia, Ukraine's national currency, the inflation rate will remain low in the next one or two months, he wrote on Facebook on August 14.
The official recalled that inflation usually accelerates from October under the pressure of a decline in supplies of raw vegetables and fruit, as well as the dynamics of the hryvnia rate.
Read alsoInflation in Ukraine in July higher than expected – NBU
"If external debt repayments in September, which are tentatively estimated at US$1.7 billion, go without complications, as there are sufficient prerequisites for this, the influence of the exchange rate factor on consumer inflation will not be significant," he said.
At the same time, the situation with the exchange rates on emerging markets could be complicated. Growing prices in Ukrainian industry sector also cause major concerns, Danylyshyn added.
As UNIAN reported earlier, inflation in Ukraine in July 2019 stood at 9.1% year-over-year (y-o-y), having accelerated from 9% recorded in June 2019 y-o-y.