Ukrainian inflation set to follow ‘erratic downward path’, NBU says

Central bank predicts inflation will only reach single digits in last quarter

The National Bank of Ukraine
The National Bank of Ukraine
Photo: Oksana Parafeniuk

Ukraine’s central bank predicts that the country’s inflation rate will remain in double digits for much of the coming year but fall to single digits by the end of 2017.

Inflation will “follow an erratic downward path in 2017” according to projections from the National Bank of Ukraine (NBU) in its latest quarterly report on inflation. The official Ukrainian figure for year-on-year headline inflation was 15.1% in March, a rise from 14.2% in February and 12.6% in January.

The central bank said it

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