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Prices were restrained by a significant reduction in energy prices on world markets, the effect of last year's hryvnia strengthening, and an increase in raw food product supplies due to warm weather.
The slowdown in consumer inflation in Ukraine in March to 2.3% in annual terms has become more significant than that provided for by the forecast of the National Bank of Ukraine (NBU).
Prices were restrained by a significant reduction in energy prices on world markets, the effect of last year's hryvnia strengthening, and an increase in raw food product supplies due to warm weather, according to the NBU website.
It is noted these factors outweighed the effect on prices from the March weakening of the hryvnia and the rush demand for certain goods after the introduction of quarantine measures.
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At the same time, the NBU said the risks of accelerating consumer price growth intensified in March. The booming demand for certain goods and logistical complications as a result of the spread of coronavirus are among these risks. In addition, the effect of a strong hryvnia, which significantly slowed down inflation in previous months, is exhausted.
It is also reported the results of the revision of the macroeconomic forecast will be presented on April 23.
As UNIAN reported earlier, consumer inflation in Ukraine in March 2020 amounted to 2.3% in annual terms, slowing down from 2.4% in February.