KIEV, July 1 – The National Bank of Ukraine has worsened its inflation forecast for Ukraine in 2012 by 1%, to 8% plus or minus 1%, although the central bank retained forecast for price growth this year at 10% plus or minus 1%, reads a posting on the NBU's Web site.

"Expectations of better harvest in 2012 and considerable reduction of secondary effects from the increase in the food prices will lead to a fall in inflation… In 2011 the pace of the headline inflation will be 10% plus or minus 1%, and in 2012 it will fall to 8% plus or minus 1% [7% plus or minus 1% in the previous forecast]," reads the report.