Ukraine Inflation


Inflation accelerates to 20-month high in December

In December, consumer prices increased 0.5% over the previous month, which was up from the 0.2% rise registered in November. The result mainly reflected an increase in prices for food and non-alcoholic beverages as well as for alcoholic beverages and tobacco.

Annual inflation rose from 0.2% in November to 0.5% in December, which marks the highest rate since April 2012. Despite the record high registered by annual inflation, it remains well below the Central Bank's 4.0%-6.0% target range for 2013-2014. Meanwhile, annual average variation in consumer prices remained at November's minus 0.3%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2014 at 4.7%, which is down 0.2 percentage points from last month's forecast. For 2015, the panel sees inflation rising to 5.8%.


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Ukraine Inflation Chart

Ukraine Inflation December 2013

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: State Statistics Service of Ukraine.

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