The National Bank made the forecast of inflation.
This year, the inflation is expected at 8 percent, and the next – 6 percent.
In the current year, the inflation is expected at 8% plus or minus 2%, according to NBU, Correspondent.net reports.
On a year-on-year basis, the inflation will remain high within the first three quarters of the current year under the influence of the comparison base effect and will return to the single-valued level only in the fourth quarter.
The National Bank noted that Ukraine’s economy continues to recover, which stimulates the growth of labor demand.
Under the influence of this factor as well as the result of raising the minimum salary, in January, the real salary increased by 21.4% on a year-on-year basis. This creates opportunities for renewal of price pressure from consumer demand.
In January, the inflation edged up to 12.6% on a year-on-year basis as the result of the increase of production costs after raising salaries and growth of raw material prices on the global markets as well as hryvnia devaluation in late 2016 – early 2017. In February, the inflation continued to expectedly edge up mainly as the result of comparative base effect.
It should be reminded that previously the Ministry of Economic Development claimed that the Ukraine’s GDP increased by five percent.
