Ukraine Inflation March 2020

Ukraine

Ukraine: Inflation falls to over six-year low in March

April 21, 2020

Consumer prices rose 0.8% month-on-month in March, following February’s 0.3% fall. Higher prices for food, clothing and footwear, and health were largely behind the upturn.

Inflation inched down to 2.3% in March (February: 2.4%), marking 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 6.4% from February’s 6.9%.

The Central Bank sees inflation ending 2020 at 6.0% and 2021 at 5.0%. Our panel projects inflation to end 2020 at 6.0%, which is unchanged from last month’s forecast. For 2021, the panel sees year-end inflation easing to 5.0%.


Author:, Economist

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Ukraine Inflation Chart


Ukraine Inflation March 20 20

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


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