KYIV, Aug 23 – The National Bank of Ukraine (NBU) expects inflation in August 2018 to decline year-over-year and there will be further deflation in comparison with July 2018, Deputy Governor of the National Bank of Ukraine Dmytro Sologub said, citing preliminary estimates.

"We expect inflation in August, which means that the inflation rate year-over-year will be below 9% by the end of this month," he told reporters.

Sologub explained that the National Bank collects such preliminary data on a monthly basis with the help of web scrapping (collection of data from online sources using specially developed software), which tracks prices of commodities and services included in the consumer basket in retail online stores.