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Ukraine Inflation February 2024

Ukraine: Inflation declines to lowest level since November 2020 in February

Inflation came in at 4.3% in February, which was down from January’s 4.7%. February’s result represented the lowest inflation rate since November 2020. The slowdown was primarily driven by a softer increase in prices for food and non-alcoholic beverages. In addition, price pressures for housing, water, electricity, gas and other fuels eased.

Accordingly, the trend pointed down, with annual average inflation coming in at 9.9% in February (January: 11.6%). Meanwhile, core inflation fell to 4.5% in February, from the previous month’s 4.6%.

Finally, consumer prices rose 0.31% from the previous month in February, moderating from the 0.40% rise recorded in January. February’s result marked the weakest reading since August 2023.

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