Ukraine Inflation July 2019


Ukraine: Inflation broadly stable in July

August 15, 2019

Consumer prices fell 0.6% month-on-month in July, which followed June’s 0.5% decrease. According to the Statistical Institute, falling prices for food and non-alcoholic beverages; clothing and footwear; transport; and housing, water, electricity, gas and other fuels were chiefly behind the drop, mirroring last month’s release.

Inflation was broadly unchanged, edged up marginally from 9.0% in June to 9.1% in July. It lies above the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Meanwhile, annual average inflation was stable at June’s 9.2% in July.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.5%, which is unchanged from last month’s forecast. For 2020, the panel sees year-end inflation easing to 6.5%.

Author: Angela Bouzanis, Lead Economist

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Ukraine Inflation Chart

Ukraine Inflation July 2019

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

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