The head of the NBU Council, Anatoliy Halchynsky, told journalists about this. "We recorded the inflation figure at the end of (2004) at 12%... This is more than forecast, but not critical," he said.
Halchynsky added that according to NBU Council estimates, inflation in December 2004 will be 2%-2.2%.
Earlier, Halchynsky expressed the opinion that inflation in 2004 would be less than 10%.
The National Bank Council also worsened the inflation forecast for 2005 from 6%-7% to 8.5%-9.5%.
"It is necessary to keep inflation (in 2005) below 10%," he said, emphasizing that the most significant inflation next year is expected in the first quarter.
As reported, the Cabinet of Ministers worsened the inflation forecast for 2005 from 6.2% to 7.1% (December to December).
In November, First Vice Prime Minister, Finance Minister Mykola Azarov forecast inflation in 2004 at a level no higher than 9.5%