In March, consumer prices added 0.3% over the previous month, which came in a notch above the 0.2% increase seen in February. The reading mainly reflected higher transport prices, whereas prices for clothing and footwear decreased from the previous month. Owing to the relatively subdued monthly price increase, annual inflation dropped from 3.0% in February to 1.9% in March, which was below market expectations that had inflation at 2.1%. The figure represents the lowest rate since at least January 2003. Amid subdued inflation and faltering economic growth, on 23 March, the Central Bank lowered the discount rate by 25 basis points to 7.50%. The move represented the first adjustment since August 2010 and surprised most market analysts, which had expected interest rates to remain unchanged. The Central Bank expects inflation not to exceed 5.0% this year.
Inflation falls to lowest level in nearly a decade
April 6, 2012
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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.