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Consumer inflation slowed to 9.9% in June (from 11.7% in May), according to the press service of the National Bank of Ukraine
"In June 2018 , consumer inflation significantly slowed to 9.9% yoy (vs. 11.7% in May) .In the monthly view, prices have not changed.This is evidenced by published data by the State Statistics Service, "the NBU reports.
The new fall in inflation in the annual figure was expected, noted in the NBU, and its indicator in June was slightly lower than the trajectory of the National Bank. Inflation report "for April 2018. This was mainly due to the tangible expansion of the food supply, including crude oil, due to more favorable weather conditions and an increase
In addition, the growth rate of imported goods, as well as the prices of goods and services with a significant import component in the cost price, benefited from the strengthening of the hryvnia exchange rate, due in part to the rigid monetary policy of the National Bank
At the same time, as shown by the Basic inflation indicator, inflationary pressures remain significant.This is mainly the result of a constant consumer demand, which is supported by high growth rates real wages
The growth rate of raw food prices slowed sharply in June (to 5.2% y / y). In particular, due to the expansion of domestic supply and import, the prices of most vegetables picked borsch (cabbage, potatoes, onions) and vegetables grown in from seeds (cucumbers, tomatoes) decreased. In addition, favorable weather conditions led to an increase in berry supply and, as a result, a slowdown in prices, and a large supply of imports resulted in lower prices for bananas and oranges. In addition, the decline in world meat prices has helped slow the growth of prices for these products in Ukraine.
As stated, the NBU predicts that the inflation rate for the year 2018 will not exceed 8.9%.
