Ukraine: Inflation eases to nearly one-year low
February 9, 2016
Consumer prices rose 0.9% in January over the previous month, which was a slightly larger increase than December’s 0.7% rise. According to State Statistics Service of Ukraine, the result was mainly driven by a rise in food and non-alcoholic beverage prices as well as for housing, water, electricity and gas compared to the previous month.
Inflation eased from December’s 43.3% to 40.3% in January, which marked the lowest reading since February 2015. Despite the moderation, inflation remains at historically high levels since skyrocketing at the onset of the military conflict in Eastern Ukraine. In addition, annual average inflation rose from 48.5% in December to 49.5% in January, which marked a multi-year high.