KIEV, Aug. 19 - The National Bank of Ukraine expects inflation in 2012 to slow to 7-8%, whereas in 2011 a 10% rise in prices is expected, First Deputy NBU Governor Yuriy Kolobov said at a briefing on Friday.

According to Kolobov, the final forecast will be made in October-November 2011.

Inflation for 2011 should hold at 8.9% in 2011, the bank said.

As was earlier reported, Ukraine's State Statistics Service for the first time this year registered deflation, which was 1.3% in July 2011 against 0.4% inflation in June 2011, 0.8% inflation in May 2011, 1.3% inflation in April 2011 and 1.4% inflation in March 2011.