Ukraine Inflation January 2017

Ukraine

Ukraine: Inflation edges up in January

February 9, 2017

In January, consumer prices rose 1.1% from the previous month, after December’s 0.9% increase. December’s reading had marked a four-month low. The rise was due to higher prices for transportation and food and beverages.

Inflation edged up from December’s 12.4% to 12.6% in January—a 10-month high. Although price pressures have picked up recently due to adjustments in gas prices, inflation remains significantly lower than January 2016’s 40.3%. Annual average inflation continued to ease, falling from 14.9% in December to 12.6% in January, the lowest result since December 2014.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 9.0%, which is up 0.6 percentage points from last month’s forecast. For 2018, the panel sees inflation easing to 7.7%.


Author: Angela Bouzanis, Senior Economist

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Ukraine Inflation December 2016 0

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


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