Ukraine: Inflation eases further in October
November 9, 2015
Consumer prices fell 1.3% in October over the previous month, which contrasted September’s 2.3% rise and marked the largest fall since July 2011. Inflation continued to fall in October, marking the sixth consecutive month of moderation, which has interrupted the surging upward trend that was in place for over a year. Inflation eased from September’s 51.9% to 46.4% in October, marking a seven-month low.
Despite the moderation, inflation remains at historically high levels since skyrocketing at the onset of the military conflict in Eastern Ukraine. Annual average variation in consumer prices continued to rise in October, increasing from 42.7% in September to 44.9%, which marked the highest level on record.