By the end of 2017, consumer price inflation in Ukraine will significantly deviate from the target level than previously thought. This is stated in the inflation report National Bank for November.
In NBU note that in November inflation is expected to have slowed to 13.6% yoy from 14.6% in October. Month-on-month index growth slowed to 0.9% from 1.2% in October.
Actual inflation exceeded the forecast due to the high growth of prices for food products, stated in the NBU.
“The current dynamics of the consumer price index and its components exceeds the forecasted and shows that by the end of 2017 inflation more significantly deviates from the target level than previously estimated,” – said in the report.
Recall, according to the state statistics service, inflation in the consumer market in November 2017, compared with the previous month amounted to 0.9%, from the beginning of the year to 12.5%.
The government has forecast inflation this year at level of 12,9%, the NBU is 12.2% at the end of the year.
International rating Agency Fitch Ratings forecasts the inflation in Ukraine at the end of 2017 at the level of 13.7%.