Analysts See Ukrainian Inflation Rising Further in September

KYIV—Ukrainian inflation probably accelerated further in September, fuelled by rocketing gas prices on external markets, but it may slow down by the end of 2021 thanks to government and central bank measures, a Reuters monthly poll showed on Thursday. According to the median forecast of Ukrainian analysts, September inflation reached 10.7 percent year-on-year from 10.2 percent in August. The highest estimate predicted a rise to 11.5 percent. Ukraine imports more than a third of the gas it consumes and about half of the petrol. “Food and energy prices in global markets remain quite high. Additional nervousness is created by the incessantly rising prices for natural gas in Europe,” analysts of the Ukrainian subsidiary of Raiffeisen bank, which took part in the poll, said in a separate report. They said it “generates additional risks of persisting high inflation.” In September, the central bank raised its main interest rate to 8.5 percent from 8.0 …

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