Ukraine: Inflation eases in June
July 7, 2015
Consumer prices increased 0.4% in June over the previous month, which was below the 2.2% rise registered in May. June’s deceleration was partly driven by a decrease in the prices of clothing as well as a slowdown in the growth of prices of food and non-alcoholic beverages. In contrast, the prices of alcoholic beverages and tobacco rose at a faster pace in June.
Inflation eased slightly in June, marking the second consecutive month of moderation, which has interrupted the surging upward trend that was in place for over a year. Inflation fell from May’s 58.4% to 57.5% in June. Despite the moderation, inflation remains at historically high levels and has skyrocketed since the onset of the military conflict in Eastern Ukraine. Annual average variation in consumer prices continued to increase, rising from 29.2% in May to 33.0% in June.