Ukraine Inflation December 2016


Ukraine: Inflation edges up in December

January 5, 2017

In December, consumer prices in Ukraine rose 0.9% from the previous month, after November’s 1.8% increase. December’s reading marked a four-month low.

Inflation edged up from November’s 12.1% to end the year at 12.4%. Although price pressures have picked up recently due to adjustments in gas prices, inflation remains significantly lower than 2015’s year-end result of 43.3%. Annual average inflation continued to ease, falling from 17.5% in November to 14.9% in December, the lowest result since January 2015.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 8.4%, which is unchanged from last month’s forecast. For 2018, the panel sees inflation easing to 7.2%.

Author: Angela Bouzanis, Lead Economist

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Ukraine Inflation Chart

Ukraine Inflation December 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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