KIEV, Dec. 10 – The National Bank of Ukraine predicts that a small amount of inflation will be recorded at the end of 2013, acting director of the general economic department at the NBU, Olena Kovalenko said.
"We expect that in 2013 the consumer price index will be slightly up," Kovalenko said in the video comments posted on the NBU's Web site.
She said that in November 2013 consumer inflation was 0.2%, and inflation in annual terms is the same, which is mainly linked to factors of a non-monetary character. Among the factors are the stably high harvests, which reduce the price of foodstuffs, and development of grain storage infrastructure, which promotes a reduction in the prices of livestock and plant products. In addition, she said that underlying inflation, which is one of the indicators of the monetary policy, is hovering around zero.
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