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%.
Author: Nicolás J. Aguilar, Economist