Ukraine Inflation November 2021


Ukraine: Inflation drops to three-month low in November

December 9, 2021

Consumer prices fell 0.54% over the previous month in November, following the 0.09% fall seen in October. November's result marked the weakest reading since February 2020. Looking at the details of the release, the change in the prices for food and non-alcoholic beverages was largely steady in November, while prices for alcoholic beverages and tobacco increased. Meanwhile, transportation prices increased.

Inflation came in at 10.3% in November, which was down from October’s 10.9%. November's result represented the lowest inflation rate since August. Annual average inflation rose to 8.9% in November (October: 8.4%). Finally, core inflation rose slightly to 7.7% in November, from October’s 7.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 7.2% in 2022, which is unchanged from last month’s forecast. For 2023, the panel sees year-end inflation at 5.7%.


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Ukraine Inflation Chart

Ukraine Inflation November 2021

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

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