Ukraine: Consumer prices decline at slower pace in October
November 6, 2013
In October, consumer prices increased 0.4% over the previous month, which followed the flat reading registered in September. The result mainly reflected an increase in prices for food and non-alcoholic beverages as well as for alcoholic beverages and tobacco.
On a year-on-year basis, consumer prices dropped 0.1% in October, up from the 0.5% contraction tallied in September. Meanwhile, annual average inflation inched down from September's minus 0.3% to minus 0.4% in October.
FocusEconomics Consensus Forecast panelists expect inflation to end the year at 2.1%, which is down 1.1 percentage points from last month's forecast. For next year, the panel sees inflation rising to 5.4%, which is down 0.2 percentage points from last month's estimate.