Ukraine: Inflation drops to over-two-year low
July 11, 2016
Consumer prices fell 0.2% in June over the previous month, which contrasted May’s 0.1% increase. June’s result marked a four-month low.
Inflation continued its downward trajectory in June and fell from May’s 7.5% to 6.9%. The result marked the lowest reading since April 2014. Inflation in Ukraine has fallen rapidly in recent months after skyrocketing last year amid a drastic depreciation in the currency. Annual average inflation eased in June from 38.8% in May to 34.5%.