Ukraine: Inflation eases in July
August 6, 2015
Consumer prices fell 1.0% in July over the previous month, notably contrasting the 0.4% rise registered in June and marking a four-year low. July’s decrease was driven largely by a decrease in the prices of food and non-alcoholic beverages as well as a fall in in prices for clothing and footwear.
Inflation eased slightly in July, marking the third consecutive month of moderation, which has interrupted the surging upward trend that was in place for over a year. Inflation fell from June’s 57.5% to 55.3% in July. 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 increase in July, rising from 33.0% in June to 36.6%.