Ukraine: Inflation falls further to lowest since 2003
March 6, 2012
In February, consumer prices added 0.2% over the previous month, which mirrored the readings observed in the previous two months. Owing to the subdued price rise, annual headline inflation fell from 3.7% in January to 3.0%, which marked its lowest level since February 2003. As in the previous months, the subdued monthly price climb reflected moderate increases in food and transport prices along with a decrease in prices for clothing and footwear. The core inflation index, which excludes volatile items such as food and energy, added only 0.1% over the previous month, prompting annual core inflation to fall further from 6.6% in January to 6.1% in February. The Central Bank expects inflation to end the year at around 7.0%.