The actual inflation in Ukraine in February 2018 from February 2017 was somewhat higher than the Central Bank’s benchmark announced in January.
“In general the current dynamics of consumer inflation and its components indicate that inflationary pressure remains significant. At the same time, its amplification in February was curbed by the strengthening of the hryvnia, which continued in the first half of March,” the NBU said in a comment on a report by the State Statistics Service of Ukraine saying that consumer inflation in February slowed to 14% compared to February 2017 against 14.1% in January 2018 compared to January 2017.
The National Bank noted this was primarily due to a higher than expected increase in prices of raw foods and fuel. The National Bank stresses that monetary conditions are strong enough to ensure a gradual decline in consumer inflation and its return to the target in the middle of 2019. (UNIAN/Business World Magazine)