The National Bank of Ukraine expects inflation to remain close to current levels in December. These are the results of the discussion of the Monetary Policy Committee of the National Bank on the level of the discount rate on December 13, the NBU published, UNN writes.
Details
In November , inflation slowed to 5.1% yoy. Consumer price developments were better than the NBU expected.
The continuation of favorable price dynamics was reportedly largely driven by cheaper raw foods amid high harvests and difficulties with food exports. The increase in the supply of cheaper food raw materials on the domestic market has also led to a partial reduction in the pressure on business costs, in particular for food processing and catering companies.
However, as noted above, the most important factor behind the easing of underlying inflationary pressures was the persistence of a stable situation in the foreign exchange market. This not only limited the growth in prices for a wide range of imported goods, but also helped improve inflation and exchange rate expectations.
The NBU expects inflation to remain close to current levels in December