Ukraine: Inflation continues to accelerate in October
November 7, 2014
In October, consumer prices increased 2.4% over the previous month, which was below the 2.9% rise registered in September. October’s figure came on the back of higher prices for clothing and footwear, as well as for food and beverages. Conversely, consumer prices for transportation decreased in October compared with September.
Annual inflation rose from September’s 17.5% to 19.8% in October, which marked the highest rate since February 2009. As a result of the acceleration in recent months, along with developments in the political sphere and in the foreign exchange market, inflation has risen further above the Central Bank’s 4.0%–6.0% target range for 2013–2014. Meanwhile, annual average variation in consumer prices increased from September’s 6.7% to 8.3% in October.