Ukraine: Inflation falls to a 20-month low in May
June 12, 2018
Consumer prices were unchanged month-on-month in May, contrasting the previous month’s 0.8% increase. The reading came on the back of lower prices for food and non-alcoholic beverages, and clothing and footwear, which offset higher prices for health, transport, and alcoholic beverages and tobacco. Meanwhile, price hikes for housing and water, electricity, gas and other fuels were marginal in May.
Inflation moderated from 13.1% in April to 11.7% in May, the lowest rate of inflation since September 2016. In turn, annual average inflation moderated to 14.3% in May, the lowest reading in seven months, from 14.5% in April.
Author: Almanas Stanapedis, Economist