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.
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