Ukraine: Inflation eases to over-one-year low
March 10, 2016
Consumer prices fell 0.4% in February over the previous month, which contrasted January’s 0.9% rise. According to State Statistics Service of Ukraine, the result was partly driven by a fall in food and non-alcoholic beverage prices as well as for alcoholic beverages and tobacco products compared to the previous month. In addition, prices for clothing and shoes decreased.
Inflation eased from January’s 40.3% to 32.7% in February, which marked the lowest reading since January 2015. Despite the moderation, inflation remains at historically high levels since skyrocketing at the onset of the military conflict in Eastern Ukraine. Annual average inflation eased from 49.5% in January, which had marked a multi-year high, to 49.3%.