The National Bank of Ukraine (NBU) has released figures showing that the annualised rate of CPI inflation was 0% in July, ending a deflationary period that began in May.
Oleksandr Petryk, deputy director of the NBU's general economic department, said the figures were "close to optimal". "On the one hand, it means that inflation does not impede economic growth. On the other hand, it does not generate heightened inflationary expectations," he said. He added that this gives policy-makers a "cushion