In September, consumer prices added 0.1% over the previous month, which contrasted the 0.4% decline in August. The increase was the result of higher prices across the board, which more than offset the slight price drop in food and non-alcoholic beverages prices (-0.3% month-on-month). Meanwhile, as the September reading represented only a fraction of the 2.9% rise seen in the same month last year, when a summer drought boosted food prices, annual headline inflation plummeted from 8.9% in August to 5.9% in September, its lowest level since August 2003. Going forward, both the government and Consensus Forecast panellists see inflation rising as the favourable base of comparison is left behind. The government expects inflation to close this year at 8.9% and then to fall to 7.9% next year.
Inflation plummets to the lowest level in over eight years
October 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.