Ukraine: Inflation falls to over five-year low in November
Consumer prices rose 0.1% month-on-month in November, easing from October’s 0.7% increase. According to the Statistical Institute, falling prices for food, clothing and footwear, and communication drove the monthly result, as they slightly offset higher prices for housing and utilities.
Inflation fell to 5.1% in November, from 6.5% in October and marking the lowest reading since March 2014. Accordingly, inflation neared the Central Bank’s medium-term 5.0% target quicker than expected. Meanwhile, annual average inflation dropped from October’s 8.8% to 8.4%.