National Bank: stability on forex market slows down inflation

15:30, 01 September 2015
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Ukraine’s central bank explains the slowdown in inflation to 55.3% in July in annual terms with stability in foreign exchange market and the reduction of the residual effects of the devaluation of the hryvnia, seen at the beginning of the year, according to the NBU website.

Inflation has slowed due to stability on forex market /

The NBU calls tough monetary and fiscal policies, as well as restrained consumer demand, among factors that caused deceleration of inflation.

As UNIAN reported earlier, deflation in Ukraine amounted to 1% in July 2015 compared to June, excluding the occupied Crimea and Sevastopol, as well as part of the ATO zone. A month to month deflation was recorded for the first time since August, 2013.

Read alsoNBU head pledges measures to lower inflation to 5% by 2019On an annual basis (July 2015 to July 2014), the inflation slowed to 55.3% compared with 57.5% recorded the previous month.

In January-July, consumer prices in Ukraine increased by 39.3%.

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