Ukraine: Inflation drops to over-two-year low
June 9, 2016
Consumer prices rose 0.1% in May over the previous month, which was notably below April’s 3.5% increase. April’s rise had marked a one-year high.
Inflation fell notably from April’s 9.8% to 7.5% in May, which marked the lowest reading since April 2014. Inflation in Ukraine has fallen in recent months after skyrocketing last year amid a drastic depreciation in the currency. Annual average inflation eased from 43.0% in April to 38.8%.