Ukraine Inflation


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%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2015 at 44.3%, which is up 4.7 percentage points from last month’s forecast. For 2016, the panel sees inflation easing to 14.4%.

Author: Angela Bouzanis, Senior Economist

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Ukraine Inflation Chart

Ukraine Inflation July 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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