Ukraine Inflation March 2019

Ukraine

Ukraine: Inflation eases to two-and-a-half-year low in March

April 11, 2019

Consumer prices rose 0.9% month-on-month in March, up from February’s 0.5% increase. The result was largely driven by higher prices for clothing and footwear, as well as for transport, according to the Statistical Institute.

Inflation edged down from 8.8% in February to 8.6% in March, marking the weakest reading in two-and-a-half years. As a result, inflation continued to edge closer to the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Lastly, annual average inflation also moderated in March, coming in at an over four-year low of 9.8% (February: 10.2%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.3%, which is down 0.4 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation easing to 6.5%.


Author:, Economist

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Ukraine Inflation March 2019

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


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