REUTERS
The National Bank of Ukraine expects an inflation rate for 2017 higher than 12.2% predicted earlier, the National Bank’s press service has told UNIAN, elaborating on its comment regarding the excess of actual inflation in November over the forecast level.
"We expected the inflation rate to deviate from the target level by "8% plus/minus 2 pp" to 12.2%, and now we are seeing that the deviation will be more substantial - above 12.2%," the press service said. At the same time, the NBU reported that the regulator would not revise the forecast for the current year, as the forecast cycle lasts from early November to late January.
As UNIAN reported earlier, The State Statistics Service said that there was 0.9% inflation in November 2017 from October 2017. Inflation in November 2017 from November 2016 was 13.6%.
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Ukraine's key donors, the International Monetary Fund and the World Bank, earlier projected the country's inflation might slow to 10% by the end of 2017.