Ukraine: Inflation falls to over six-year low in May
June 11, 2020
Consumer prices rose 0.30% month-on-month in May, down from 0.80% in April. Falling prices for clothing and transport, coupled with slower food inflation, were largely behind May’s moderation.
Inflation inched down to 1.7% in May (April: 2.1%), 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 5.2% from April’s 5.8%.