Inflation in Ukraine — the NBU named the reasons for rising prices of products — Money

The increase in food prices accelerated due to unfavorable weather for the harvest in summer and autumn.

In October, inflation in Ukraine increased to 9.7% in annual terms and exceeded the forecasts of the National Bank. According to the regulator, prices continued to rise in November.

This is stated in the macroeconomic and monetary review of the NBU.

“Yes, food inflation increased as a result of the more significant than expected impact of adverse weather conditions on agricultural crops. Administrative inflation and fuel prices also increased somewhat faster than expected,” the document says.

Fundamental inflationary pressure also increased in October. Among the reasons for the increase in core inflation, the NBU cites the rapid increase in the price of processed food products due to the increase in the cost of raw materials, electricity and salary costs, as well as the effects of…