Ukraine: Inflation falls to lowest level since 2003
February 6, 2012
In January, consumer prices added 0.2% over the previous month, which followed on an increase of the same magnitude in December. In addition, the reading came in well below the 1.0% rise recorded in the same last year, which drove annual headline inflation down from 4.6% in December to 3.7%, its lowest level since April 2003. The subdued monthly price rise was the result of a moderate increase in food prices along with a decrease in prices for clothing and footwear. Meanwhile, core inflation, which excludes volatile items such as food and energy, was flat over the previous month, prompting annual core inflation to fall from 6.9% in December to 6.6% in January. The Central Bank expects inflation to end this year at around 7.0%.