Date: 2 weeks ago   Category: Financial

The National Bank explained jump in prices of food


Acceleration of inflation is caused by rapid increase in prices for crude food as a result of their insufficient offer. The actual indicator of inflation in Ukraine in May at the level of 9.6% in annual terms exceeded a trajectory of the forecast published in the inflationary report. It is said the website of National bank on Tuesday about it, June 11. According to the financial regulator, acceleration of inflation is caused, first of all, by rapid increase in prices for crude food as a result of their insufficient offer. Besides, high rates fuel because of difficulties with import of energy resources from Belarus and Russia rose in price. At the same time, basic inflation, as well as in the last months, was slightly lower than the forecast - at the level of 7.4% in annual terms. "The actual indicators of inflation, in particular, of basic, demonstrate that fundamental inflationary pressure in general meets expectations of National bank. However the general indicator of inflation exceeded a forecast trajectory, first of all, owing to action of temporary factors of the offer", - it is noted in the message. Also it is reported that the updated assessments of the impact of these and other factors on inflation indicators and also the forecast of other macroeconomic indicators will be published on July 18. Let's remind, in April also in Ukraine increase in prices sharply accelerated. Then growth of inflation was influenced by sharply risen in price vegetables. According to the NBU the prices of vegetables grew because of deficiency of a number of products. News from the Correspondent.net in Telegram. Subscribe for our https://t.me/korrespondentnet channel

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