Ukraine Inflation July 2021

Ukraine

Ukraine: Inflation comes in at highest level since May 2018 in July

August 9, 2021

Consumer prices increased 0.09% from the previous month in July, moderating from June's 0.22% rise. July's result marked the softest rise in prices since August 2020. Looking at the details of the release, prices for food and non-alcoholic beverages were largely unchanged in July. In contrast, prices for housing and transport gained pace.

Inflation increased to 10.2% in July, following June’s 9.5% and marked the highest inflation rate since May 2018. Meanwhile, the trend pointed up, with annual average inflation coming in at 6.3% in July (June: 5.7%). Core inflation was unchanged, coming in at June's 7.3% in July.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 8.9%, which is up 0.5 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 6.0%.


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Ukraine Inflation July 2021

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


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