KYIV, Dec 4 – Ukraine’s consumer prices will probably increase 6% on the year in 2019, down from 9.8% hike in 2018 and 13.7% in 2017, in line with the central bank’s plans to keep inflation under control.

Oleg Churiy, the deputy governor of the National Bank of Ukraine (NBU), said the bank sees “very strong” signs of reduction in inflation.

"By the end of the year we expect inflation of about 6% – this is slightly higher than our corridor 5% plus or minus one percentage point. But in fact there is a chance that we will be within this range, because we see a very strong inflation reduction," he said at the Ukrainian Wealth Management Forum, organized by the Adam Smith Institute, in Kyiv.