Ukraine Inflation May 2020

Ukraine

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%.

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 5.1%.


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Ukraine Inflation May 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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