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The national Bank increased the inflation forecast to 2018

Нацбанк повысил прогноз инфляции в 2018 годуNBU has lowered its forecast for inflation in 2018-2019.

The national Bank of Ukraine (NBU) has raised the forecast of growth of consumer prices in 2018 from 8.9% to 10.1%.

In addition, the forecast for 2019 is increased from 5.8% to 6.3%. At the same time for 2020 remained at the level of 5%.

This is stated in the press service of the regulator.

The deterioration of the forecast, the national Bank explains the preservation of significant inflationary pressure, and increase in administratively regulated prices (tariffs).

Among the fundamental factors preinflation national Bank notes a continued strong domestic demand and a further increase in production costs, including labor costs; the weakening of the exchange rate of the hryvnia to the US dollar in July-August, which affected the cost of individual products; the rapid rise in world oil prices in recent months, which is reflected in the price of fuel and, accordingly, the cost of goods and services.

“These factors, as well as next year’s double election in Ukraine have a negative impact on inflation expectations. In particular, the mood of the population has worsened,” – notes the regulator.

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