In December, consumer prices rose 0.8% over the previous month. The reading nearly tripled November's 0.3% increase but came in a notch below the rise of 0.9% tallied in December 2009. As a result, annual inflation inched down to 9.1% (November: 9.2% year-on-year), which represented the lowest end-of-year rate of inflation since 2003. The monthly price hike was fuelled primarily by higher food prices, in particular, vegetables, which rose +3.8% month-on-month. Consequently, the core inflation index, which excludes volatile items such as food and fuel, added a more subdued 0.6% mom, closing the year at 7.9% yoy. The government has set an inflation target of 8.9% for this year.
Inflation falls to lowest level since 2003
January 6, 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.