The NBU said about the acceleration of inflation

В НБУ рассказали об ускорившейся инфляции

In NBU reported that inflation in November was close to forecast

Inflation in annual terms in November accelerated to 10.0% y/y and was close to the forecast of the national Bank.

Inflation in November was close to the forecast published in the October Inflation report of the NBU. On Tuesday, December 11, according to the national Bank.

The NBU noted that higher rates of core inflation and growth of administratively regulated prices is almost completely offset by lower growth rates in crude food items.

“Despite the slight variations in the rate of growth of prices on various groups of goods in November, consumer inflation forecast for the end of the year (a 10.1% yoy) remains relevant”, – stated in the message.

It is noted that the acceleration of growth of prices for pasta, confectionery and flour products was offset by a slower dynamics of prices for other products. In particular, due to the decline in world prices is slower, more expensive meat and dairy products.

“The growth rate of prices for nonfood goods also slowed marginally (up 4.4% yoy). In particular, due to the strengthening exchange rate of the hryvnia in October and November low growth of prices on home appliances and automobiles, and the rising prices of clothing and footwear remained restrained,” – said the NBU.

It is reported that the rising prices of raw food in November accelerated to 2.4% yoy, but was lower than predicted.

At the same time, it is noted that the growth rate of the administratively regulated prices increased to 17.3% y/y. In particular, in November has increased the natural gas tariffs for the population (22.9%) and local telephony services. Moreover, the high pace continued to increase the price of alcoholic beverages, tobacco products, transport to road transport.

“The decline in world oil prices and the strengthening of the hryvnia exchange rate contributed to slower growth in fuel prices,” – said the NBU.

As reported, Ukraine in November compared with October, consumer prices rose by 1.4%.

The Cabinet has upgraded the GDP growth forecast to 2019

 

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