Ukraine: Inflation falls to over three-year low in September
Consumer prices rose 0.7% month-on-month in September, which contrasted August’s 0.3% decrease and marked the sharpest rise since May. According to the Statistical Institute, rising prices for food and non-alcoholic beverages; and clothing and footwear were chiefly behind the upturn.
Inflation fell to 7.5% in September, from 8.8% in August and marking the lowest reading since June 2016. Accordingly, inflation fell into the Central Bank’s 6.5% plus or minus 2.0 percentage points target range for the first time this year. Meanwhile, annual average inflation inched down from August’s 9.2% to 9.1%.