Date: 3 months ago   Category: Economy

Increase in prices in September appeared above the predicted NBU


Inflationary pressure in Ukraine remains high, despite weakening of food inflation - high growth rates of the prices are maintained by steady domestic demand, rapid growth of the salaries and sharp rise in price of oil in the world markets.

is told About it in the comment of the National Bank of Ukraine (NBU).

In National Bank reminded that in September inflation almost did not change and made 8,9% of yoy in comparison with 9% in August, having exceeded the upper bound of target range (6,5%/-2 items on the end of the third quarter). In monthly measurement of the price grew by 1,9% that is substantially caused by seasonal factors.

"Inflation in annual measurement in September was higher, than the forecast published in the July "Inflationary report" (8,3%) at the expense of basic components and fuel prices", - note in the NBU.

So, increase in prices for fuel accelerated up to 22,7% in annual measurement against the background of rapid growth of the world prices for oil and weakening of an exchange rate of hryvnia.

at the same time basic inflation in September remained at the level of the last month (8,7% of yoy).

"The expected delay restrained weakening of an exchange rate of hryvnia in the last several months. It stimulated acceleration of increase in prices for nonfoods which are mainly imported (refrigerators, washing machines, cars, kitchen ware, drugs, newspapers and books, etc.)", - it is told in the comment.

Among other things, in the NBU noted that increase in prices for crude food in September was slowed down (up to 0,8% of yoy) that it corresponded to the forecast. At the same time growth rates of administratively regulated prices decreased (to 13,5% of yoy) and were below the July forecast owing to a delay of increase in tariffs for gas for the population.

the New forecast of inflation will be announced after the board meeting on monetary questions on October 25 and published in "inflationary the report" on November 1, 2018.

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