at the scheduled meeting of the National Bank of Ukraine’s Monetary Policy Board. According to the State Statistics Service inflation has climbed steadily recording these rates: December – 5%; January 6.1%; and 7.5% in February. The Central Bank has predicted that 2021 inflation will be 7%.
exceeding the Central Bank’s forecast of 7.6%, said a monthly Reuters poll of Ukrainian analysts. Analysts said consumer prices rose due to inflation imported from world commodity markets, notably wheat, corn, sunflower oil and crude oil. Oleksiy Blinov, Alfa-Bank Ukraine’s Head of Research, said: “These changes in external prices are directly and indirectly transmitted to consumer inflation in Ukraine.” The IMF has predicted that Ukraine’s consumer price index will end this year at 7.9%.