Ukraine Inflation August 2019


Ukraine: Inflation falls in August

September 11, 2019

Consumer prices fell 0.3% month-on-month in August, which followed July’s 0.6% decrease. According to the Statistical Institute, falling prices for food and non-alcoholic beverages; housing, water, electricity, gas and other fuels; and transport were chiefly behind the drop.

Inflation fell to 8.8% in August, from 9.1% in July and marking the lowest reading since April. However, it still lies above the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Meanwhile, annual average inflation was stable at July’s 9.2% in August.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.6%, which is from last month’s forecast. For 2020, the panel sees year-end inflation easing to 6.5%.

Author: Angela Bouzanis, Lead Economist

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Ukraine Inflation Chart

Ukraine Inflation August 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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