Ukraine Inflation July 2018

Ukraine

Ukraine: Inflation drops to a 22-month low in July

August 10, 2018

Consumer prices fell 0.7% month-on-month in July, following a flat reading in June. July’s result marked the first contraction in prices since August 2017 and was the lowest print in nearly three years. According to the State Statistics Service, the decrease in prices came on the back of lower prices for clothing and footwear, and food, which more than offset higher prices for alcoholic beverages and tobacco.

Inflation decelerated to 8.9% in July, from June’s 9.9%, marking the lowest reading since September 2016. Consequently, annual average inflation fell from 13.9% in June to 13.3% in July—an 11-month low.

FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 9.3%, which is unchanged from last month’s forecast. For 2019, the panel sees year-end inflation easing to 7.2%.


Author:, Economist

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Ukraine Inflation Chart


Ukraine Inflation July 2018

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


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