Ukraine: Consumer prices drop less in May
June 6, 2013
In May, consumer prices rose 0.1% over the previous month, which was above the flat reading observed in April and marks the first gain in the last four months. The monthly print mainly reflects higher prices for communications as well as for alcoholic beverages and tobacco.
On a year-on-year basis, consumer prices dropped 0.4% in May, which follows a 0.8% decline in April and represents the highest level recorded since January. Nevertheless, annual average inflation remained at the minus 0.4% recorded in April.
FocusEconomics Consensus Forecast panellists expect inflation to reach 5.9% in 2013, which is up 0.1 percentage points from last month's forecast. For next year, the panel sees inflation moderating to 6.0%.