KIEV, Oct. 10 – The inflation figure of 0.1% registered by the State Statistics Service in September is a new historic record that increases the likelihood of the fulfillment of the inflation target of the national budget for this year (8.9%) to 75%, according to Valeriy Lytvytsky, the head of a group of advisors to the governor of the National Bank of Ukraine.
He said that the cumulative inflation (to December) of 4.2% was the lowest since 2003.
"4.2% in three months before the end of the fiscal year gives a 90% likelihood that the country will finish the second year in a row with inflation less than 10%. I assess that there is 75% likelihood that the budget will reach the inflation target [8.9%]. I can say there's a 50% likelihood that consumer inflation will be less than 8%," he said.
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