In July-August, inflation was below the target range of 5% ± 1 pp.
The National Bank of Ukraine (NBU) has announced the inflation forecast by the end of 2020.
In July-August, inflation was below the target range of 5% ± 1 pp, as reported on the regulator's website.
Core inflation
"The dynamics of core inflation were subdued. The revival in consumer demand and the rise in fuel and natural gas prices in line with global market trends were offset by seasonal adjustments in raw food prices," it said.
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Economic recovery from coronavirus
"At the same time, energy prices will continue to increase as the global economy gradually recovers from the coronavirus crisis. The statistical effect of the low comparison base formed in the final months of last year will make a significant contribution to the overall rate of inflation. All of this paves the way for inflation to enter the target range by the end of the year," the NBU said.
Inflation: background