Ukraine: Inflation falls to over five-year low in December
January 9, 2020
Consumer prices decreased 0.2% month-on-month in December, contrasting November’s 0.1% increase. According to the Statistical Institute, falling prices for clothing, and housing and utilities drove the monthly decline.
Inflation dropped to 4.1% in December, from 5.1% in November and marked the lowest reading since March 2014. Accordingly, inflation fell below the Central Bank’s medium-term 5.0% target quicker than expected. Meanwhile, annual average inflation declined from November’s 8.4% to 7.9%.
Author: Nicolás J. Aguilar, Economist