The prices rise due to the growing prices of whole food products and fuel. Meanwhile, NBU considers that the monetary conditions are quite stringent to ensure the gradual decrease of consumer inflation.
In February, the actual inflation in Ukraine in annual terms remained slightly higher than the forecast of the National Bank of Ukraine, as reported on the official website of the regulator.
The National Bank noted that it is due to the significant, more than expected, increase of prices of whole food products and fuel.
“In general, the current dynamics of consumer inflation and its components evidence the preservation of significant inflation pressure. Meanwhile, in February, its intensification was prevented by the hryvnia strengthening, which still continues in the first half of March”, according to the message.
NBU emphasizes that while the monetary conditions are quite stringent to ensure the gradual decrease of the consumer inflation and its return to the target range in mid-2019.