Ukraine Inflation


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.

FocusEconomics Consensus Forecast panelists expect inflation to end 2015 at 45.2%, which is up 0.7 percentage points from last month’s forecast. For 2016, the panel sees inflation easing to 15.3%, which is down 0.5 percentage points from the previous month’s estimate.

Author: Angela Bouzanis, Senior Economist

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Ukraine Inflation Chart

Ukraine Inflation October 2015

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

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