Ukraine Inflation


Ukraine: Consumer prices drop over August 2012

September 6, 2013

In August, consumer prices contracted 0.7% over the previous month, which was an even greater decline than the 0.1% decrease observed in July. Lower prices for food and non-alcoholic beverages as well as for clothing more than offset by slightly higher prices in several categories including alcoholic beverages and tobacco.

On a year-on-year basis, consumer prices dropped 0.4% in August, which followed the flat reading in July. Meanwhile, annual average inflation remained at minus 0.3% in August.

FocusEconomics Consensus Forecast panelists expect inflation to reach 3.2% in 2013, which is down 1.1 percentage points from last month's forecast. For next year, the panel sees inflation rising to 5.6%.

Author:, Economist

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Ukraine Inflation Chart

Ukraine Inflation August 2013

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: State Statistics Service of Ukraine.

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