Ukraine Inflation


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.

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 June 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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