Ukraine Inflation September 2020


Ukraine: Inflation eases in September

October 12, 2020

Consumer prices rose 0.49% in September over the previous month, contrasting August’s 0.21% drop. September’s reading mainly reflected a rebound in prices for clothing and footwear. Meanwhile, prices for food continued to decline, albeit at a softer pace than in August.

Inflation slipped from 2.5% in August to 2.3% in September, moving further below the Central Bank’s target range of 5.0% plus or minus 1.0 percentage point. Annual average inflation fell to 3.1% in September (August: 3.5%). Lastly, core inflation inched down to 3.1% from 3.2% in August.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 4.8% and 2021 at 5.0%.


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Ukraine Inflation Chart

Ukraine Inflation September 20 20

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

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