Ukraine Inflation June 2019

Ukraine

Ukraine: Inflation eases in June

July 11, 2019

Consumer prices fell 0.5% month-on-month in June, contrasting May’s 0.7% rise. According to the Statistical Institute, falling prices for food and non-alcoholic beverages; clothing and footwear; and housing, water, electricity, gas and other fuels were chiefly behind the drop.

Inflation fell from May’s five-month high 9.6% to 9.0% in June. However, it still lies above the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Meanwhile, annual average inflation inched down to 9.2% from May’s 9.3%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.6%, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation easing to 6.6%.


Author: Angela Bouzanis, Lead Economist

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Ukraine Inflation May 2019 0

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


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