Inflation in July-August below target range of 5% – NBU governor

Inflation in July-August below target range of 5% – NBU governor

Ukrinform
In July-August, inflation in Ukraine was below the target range of 5% and its future dynamics will depend on how fast the economy recovers.

Governor of the National Bank Kyrylo Shevchenko stated this at a briefing, an Ukrinform correspondent reported.

“In July-August, inflation was below the target range of 5%. The dynamics of core inflation was restrained. The revival in consumer demand, as well as the rise in fuel and natural gas prices, which reflects global market trends, were offset by seasonal adjustments in raw food prices,” he said

Future dynamics of inflation will depend on how fast the economy recovers.

At the same time, data on imports, the retail trade, and household expenditures on domestic tourism, real estate, and cars indicate a further recovery in consumer demand, which is likely to continue in the coming months.

iy


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-