KIEV, Sept. 2 - The National Bank of Ukraine is expecting zero inflation or slight deflation in August after 1.3% deflation was recorded in July, said Valeriy Lytvytsky, the head of the group of advisors to the National Bank of Ukraine governor.

Lytvytsky said there was a 75% chance that inflation would be below 10% over the year.

"The prospects [for price dynamics] are positive. The harvest is good," he added.