REUTERS
Prices of some types of vegetables grew higher than expected.
The actual inflation rate recorded in Ukraine in August 2019 at 8.8% year-over-year is close to an official forecast trajectory but remains higher because of a deviation recorded in the previous month.
The slight deviation was triggered mainly by food price hikes, the National Bank of Ukraine (NBU) said in a comment.
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In addition, prices of certain vegetables and animal products in August demonstrated higher growth than expected.
Yet, the deviation was largely offset by lower core inflation, falling prices of fuel and a rapid slowdown in administratively regulated prices.
"Although prices are still affected by factors related to the supply of certain types of food, consumer demand and relatively high growth rates of wages, tight monetary policy has ensured a further reduction in fundamental pressure, which manifested itself in core inflation," the NBU said.
As UNIAN reported earlier, inflation in Ukraine in August 2019 year-over-year was 8.8%, having slowed from 9.1% in July 2019 year-over-year.