This is due to the adequate supply of food and fuel, the better situation in the energy sector.
Inflation in Ukraine began to slow earlier and faster than predicted. The National Bank may improve the forecast for the growth of consumer prices in Ukraine in 2023. The Deputy Head of the NBU Yuriy Gelety said this in an interview with Channel 24.
Currently, the central bank expects inflation at 18.7%. “In April, we will probably improve our forecast for inflationary development… The situation is encouraging,” he said.
Consumer inflation began to slow earlier and faster than predicted. In January it dropped to 26%, in February – 24.9% and in March – 21.3%.
The Deputy Head of the National Bank noted that this trend is mainly due to an adequate supply of food and fuel, a better situation in the energy sector and an improvement in the situation in the cash foreign exchange market.
“Certainly, an important condition is the end of the emission financing of the budget deficit from the beginning of this year. Weak consumer demand and the moratorium on raising tariffs for housing and community services are also affected,” added Geletiy.
The NBU expects inflation to continue to decline until the end of the year. This will be facilitated by the stabilization of the situation in the energy system, the favorable situation in the foreign exchange market and the reduction of global inflationary pressure.
Recall that the index of consumer sentiment in Ukraine in February increased by 2.7 points and reached 86.5 points. In addition, indices of the usefulness to make large purchases, expected changes in the financial situation and expected economic development have increased.
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Source: korrespondent
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