Ukraine Inflation October 2021

Ukraine

Ukraine: Inflation moderates in October

November 9, 2021

Consumer prices dropped 0.09% over the previous month in October, contrasting the 0.73% increase recorded in September. October's result marked the weakest reading since April. Looking at the details of the release, prices for housing, water, electricity, gas and other fuels dropped in October. In contrast, prices for alcoholic beverages and tobacco grew.

Inflation ticked down to 10.9% in October, following September’s 11.0%. Meanwhile, the trend pointed up, with annual average inflation coming in at 8.4% in October (September: 7.7%). Lastly, core inflation ticked up to 7.6% in October, from September’s 7.4%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 6.1%, which is unchanged from last month’s forecast. For 2022, the panel sees year-end inflation at 5.7%.


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Ukraine Inflation October 2021

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


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