Inflation under control:NBU / Photo from UNIAN
The growth of Ukraine’s consumer prices has been decreasing for the fourth consecutive month, and the situation with inflation is under control, according to the website of the National Bank of Ukraine (NBU) citing NBU Governor Valeriya Gontareva.
"The inflation now is about 50% year over year. But there has been a downward trend for the fourth month in a row. The situation with inflation is under control," Gontareva said during the traditional meeting with the leaders of Ukraine’s 40 largest banks.
She also recalled that for the next year the NBU forecasts inflation rate at 12%, while in 2017 it is predicted to be at 8%, and 5% in 2019.
Read alsoNBU raises withdrawal amount from foreign currency depositsAs UNIAN reported earlier, Ukraine has been seeing deflation for the second consecutive month in August, amounting to 0.8% compared to July.
In annual terms, inflation slowed to 52.8% in August from 55.3% recorded the previous month.
In January-August 2015, Ukraine’s consumer prices increased by 25.5%.