Ukraine: Inflation falls to lowest level since April 2021 in August
Inflation came in at 8.6% in August, which was down from July’s 11.3%. August’s result marked the lowest inflation rate since April 2021. The reading was largely driven by softer growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing, water, electricity, gas and other fuels increased at a softer rate.
In addition, the trend pointed down, with annual average inflation coming in at 20.2% in August (July: 21.5%). Meanwhile, core inflation fell to 10.0% in August, from the previous month’s 12.3%.
Lastly, consumer prices dropped 1.39% over the previous month in August, which was below the 0.60% fall recorded in July. August’s result marked the weakest reading since August 2003.