In August, consumer prices declined 0.4% over the previous month, which followed a 1.3% price decline in July. As was the case in the previous month, the price drop reflected lower prices for food and non-alcoholic beverages (-1.2% month-on-month), in particular vegetables. Annual headline inflation plunged from 10.6% in July to 8.9% in August. The significant decline was the result of the waning of an unfavourable base effect, as in the same month last year the government rose gas tariffs by 50% in order to resume the Stand-By agreement with the International Monetary Fund. Meanwhile, core inflation, which excludes volatile items such as food and energy, maintained its upward trend by rising from 8.6% in July to 8.8% in August. The government anticipates inflation to close this year at 8.9% and to drop further to 7.9% by the end of next year.
Inflation plunges on fading base effect
September 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.