NBU estimates inflation in 2015 at 45-50%, in 2016 - 10-12%

Inflation in Ukraine in 2015 will amount to 45-50%, while next year it will slow to 10-12%, and in 2017 – to 7%, according to the National Bank of Ukraine (NBU).

According to a presentation by deputy head of the National Bank of Ukraine Dmytro Solohub at the Corporate Treasurers' Forum, the contribution of the administrative price increase in consumer price growth is estimated at 19.5 percentage points in the current year and 5.1 percentage points in 2016.

"Underlying inflation will slow down much faster," reads the document.

According to his data, in the medium term outlook the most optimistic target is 4-6%.

According to the presentation, the tasks currently faced by the country are stabilization of the currency market and disinflation, the successful implementation of the IMF program, replenishment of forex reserves, and a gradual abolition of administrative measures, and to eventually move to monetary targeting policy with a focus on net domestic assets, monetary base and net international reserves.

The presentation indicates that the increase in monetary base next year will be limited to UAH 65 billion, or 15.3% compared to the figure of UAH 91 billion, or 27.3%, fixed in the EFF program with the IMF for this year.

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