The experts are not justified.
Inflation will be higher than 12.2% in the high growth rate of prices for food products.
Inflation in 2017 would significantly exceed the October forecast of the National Bank in the amount of 12.2 percent.
As noted, consumer inflation in November is expected to have slowed to 13.6% yoy from 14.6% in October.
Month-on-month growth in consumer prices slowed to 0.9% from 1.2% in October.
“Actual inflation has exceeded the forecast published in the inflation report in October 2017, the high growth rate of prices for food products. The current dynamics of the consumer price index and its components exceeds the forecasted “inflation report” for October 2017, and suggests that by the end of 2017 inflation more significantly deviates from the target level than previously thought”, – said the NBU.
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