Ukraine Inflation January 2020

Ukraine

Ukraine: Inflation falls to near six-year low in January

February 13, 2020

Consumer prices rose 0.2% month-on-month in January, contrasting December’s 0.2% fall. According to the Statistical Institute, prices for housing and utilities saw the sharpest increase in the month, while prices for clothing and footwear saw the sharpest fall.

Inflation fell to 3.2%, from 4.1% in December and marked the lowest reading since February 2014. Accordingly, inflation fell further below the Central Bank’s medium-term 5.0% target. Meanwhile, annual average inflation declined to 7.4% from December’s 7.9%.

The Central Bank sees inflation ending 2020 at 4.8% and 2021 at 5.0%. expect inflation to end 2020 at 5.3%, which is down 0.4 percentage points from last month’s forecast. For 2021, the panel sees year-end inflation easing to 5.2%.


Author:, Economist

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Ukraine Inflation January 20 20 0

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: State Statistics Service of Ukraine.


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