Inflation in June was higher than NBU forecast

Inflation in June was higher than NBU forecast

Consumer inflation in June 2021 was higher than the April forecast of the National Bank of Ukraine (NBU) and came to 9.5% compared to June 2020, Ukrinform reports with reference to the central bank’s press service.

"In June 2021, consumer inflation in annual terms remained at the level of the previous month - 9.5%. In monthly terms, prices increased by 0.2%. Consumer inflation was higher than the forecast published in the Inflation Report for April 2021, but the deviation decreased. The slowdown in crude food prices offset the effects of further increases in natural gas and sunflower oil prices, as well as increased fundamental inflationary pressures,” reads the report.

In June, core inflation accelerated (to 7.3% yoy from 6.9% yoy in May). Under the influence of high world food prices, as well as stable consumer demand, processed food products continued to rise in prices (by 12.1% yoy).

As reported by Ukrinform, according to the State Statistics Service, in May 2021, consumer inflation accelerated to 9.5% (from 8.4% in April) and was higher than the forecast by the National Bank.


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