The NBU explained the excess of the projected inflation rate is not dependent factors

In 2017, the level of inflation in Ukraine exceeded the expectations of the National Bank (NBU) due to the action of a number independent of the controller factors, reported the press service of the NBU.

According to the state service of statistics, in 2017, consumer price inflation was 13.7%. The national Bank projected 8% ± 2 percentage points at the end of the year.

«Inflation for the year have deviated from the target mainly due to factors for which the national Bank could not influence through monetary policy instruments. We are talking primarily about the reduction in the supply of certain goods due to adverse weather conditions in the first half of the year, the unstable situation in animal husbandry, the rise in world prices and external demand for domestic food products (particularly meat and dairy groups). Also on the rise in prices affected by the increase in production costs, in particular labor costs, and the rapid recovery of consumer demand», – explained in the national Bank.

Infographics: bank.gov.ua



The NBU explained the excess of the projected inflation rate is not dependent factors 12.01.2018

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Январь 12th, 2018 by
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