Ukraine Inflation January 2016

Ukraine

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.

FocusEconomics Consensus Forecast panelists expect inflation to end 2016 at 15.0%, which is up 0.5 percentage points from last month’s forecast. For 2017, the panel sees inflation easing to 9.7%.


Author: Angela Bouzanis, Senior Economist

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Ukraine Inflation Chart


Ukraine Inflation January 2016

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


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