Continuation of the policy of administrative keeping consumer prices will allow to keep the consumer price index growth at about 10% in 2010, the NBU review Express Estimation of Inflation in November 2010 reads.

There exists high probability of keeping the core inflation in 2010 at about 8%.

Consumer price growth rates in November continued to slow down both in monthly and annual terms (to 0.3% and 9.2% respectively).

Therefore, the non-core inflation over a month dropped by 0.1%, since contribution of administratively regulated prices growth (0.1%) was compensated by a drop in prices for raw products (-0.2%). In annual terms its growth slowed down to 11.5%.

A dynamics of the core inflation in total grew over a month by 0.7%, in annual terms - 7.9%).

A drop of producers' price index in November by 0.3% (in annual terms - to 18.9%) was conditioned by a fall of production costs for electric energy, gas and water (over the month by 6.6%, contribution into producers' price index - 1.3 percentage points).

Simultaneously, a gradual renewal of both internal and external demand caused a growth of prices on the rest of the producers' price index components by 1.2% (total contribution - 1 percentage point).

UKRINFORM