In July, consumer prices dropped 0.2% over the previous month, which was a notch above the 0.3% fall seen in June and represented, in fact, the third consecutive monthly decline. The decrease was mostly the result of lower prices for food and non-alcoholic beverages as well as for clothing and footwear. As a result, consumer prices were down 0.1% over the same month last year, following the 1.2% drop observed in June, which had marked the lowest reading on record. The Central Bank anticipates that inflation will not exceed 5.0% this year.
Consumer prices fall for third consecutive month
August 6, 2012
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Ukraine Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: State Statistics Service of Ukraine.
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.