KYIV, Aug 10 – The National Bank of Ukraine (NBU) has confirmed its fears regarding inflation growth by late 2017 beyond the target range after the State Statistics Service published statistics for July.

"The pace of general consumer price index and its elements shows that risks that inflation would deviate from the central point of the target range at the end of this year have strengthened compared to the July forecast. This happened despite of the fact that the fundamental inflation pressure will remain moderate," the central bank said on its website.