The NBU explained why inflation is higher than expected

 

Actual inflation in Ukraine in February in annual terms remained slightly above the forecast of the National Bank of Ukraine.

This was reported on the official website of the regulator.

The national Bank noted that this is primarily due to more significant-than-expected rise in prices of raw food and fuel.

“In General, the current dynamics of consumer price inflation and its components indicates that significant inflationary pressures. At the same time, it increased in February opposed the strengthening of the hryvnia, which continues in the first half of March,” – said in the message.

The NBU emphasize that while monetary conditions are sufficiently stringent to ensure a gradual decline in consumer inflation and its return within the target range in mid-2019.

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