Consumer inflation in November was expected to slow to 13.6% year-on-year from 14.6% in October. This forecast was made on Monday, December 11 by the National Bank of Ukraine.

According to the regulator on a monthly basis, consumer price growth also slowed to 0.9% from 1.2% in October.

At the same time, the National Bank underlined that the actual inflation exceeded the forecast, which was published in the "inflation report" for October 2017.

This is due to high growth rates of food prices, the NBU explained, adding that the current dynamics of the consumer price index and its components exceeds the forecasted inflation report for October 2017 and shows that by the end of 2017 inflation will deviate more significantly from target level than previously thought.

Recall, as reported URA-Inform, in October, the NBU worsened the inflation forecast from 9.1% to 12.2%.

The regulator recalls that last year the reason for a significant jump in inflation was an increase in tariffs for utilities, which is not expected now.