In March, consumer prices added 1.4% over the previous month, which was well above the 0.9% price rise observed in both the previous month and March last year. As a result, annual inflation picked up from 7.2% in February to 7.7% in March, ending the downward trend in place since October last year. The monthly price increase was mainly driven by higher prices for food and non-alcoholic beverages (+1.8% month-on-month) as well as for transport (+2.0% month-on-month). Consequently, the core inflation index, which excludes volatile items such as food and fuel, added a more subdued 0.8% over the previous month, driving the year-on-year core inflation rate to 7.1% (February: 7.2% yoy). The government anticipates year-end inflation to rise to 8.9% this year before moderating next year to 7.9%.
Inflation breaks downward trend
April 7, 2011
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Ukraine Economic News
October 10, 2016
In September, consumer prices rose 1.8% from the previous month, which contrasted August’s 0.3% decrease.
September 26, 2016
Industrial production returned to growth in August, after contracting in July.
September 21, 2016
Ukraine’s recovery gained steam in the second quarter, as the country heals from a deep recession.
September 16, 2016
In August, consumer prices fell 0.3% over the previous month, which followed July’s 0.1% decrease.
September 15, 2016
Stabilizing inflationary pressures in Ukraine’s tattered economy prompted the National Bank of Ukraine (NBU) to decide to cut the key policy rate from 15.50% to 15.00% at its 15 September monetary policy meeting.