Ukraine Inflation


Ukraine: Inflation eases to six-month low in September

October 7, 2015

Consumer prices rose 2.3% in September over the previous month, which contrasted August’s 0.8% drop. Inflation continued to fall in September, marking the fifth consecutive month of moderation, which has interrupted the surging upward trend that was in place for over a year. Inflation fell from August’s 52.8% to 51.9% in September, which marked a six-month low.

Despite the moderation, inflation remains at historically high levels since skyrocketing at the onset of the military conflict in Eastern Ukraine. Annual average variation in consumer prices continued to rise in September, increasing from 39.8% in August to 42.7%, which marked the highest level on record.

FocusEconomics Consensus Forecast panelists expect inflation to end 2015 at 44.5%, which is down 2.9 percentage points from last month’s forecast. For 2016, the panel sees inflation easing to 15.8%.

Author: Angela Bouzanis, Senior Economist

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Ukraine Inflation Chart

Ukraine Inflation September 2015

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

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