Ukraine Inflation February 2020

Ukraine

Ukraine: Inflation falls to six-year low in February

March 12, 2020

Consumer prices fell 0.3% month-on-month in February, contrasting January’s 0.2% increase. Lower prices for energy, raw food and goods were largely behind the drop in consumer prices.

Inflation fell from 3.2% in January to 2.4% in February, 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 6.9% from January’s 7.4%.

The Central Bank sees inflation ending 2020 at 4.8% and 2021 at 5.0%. expect inflation to end 2020 at 5.1%, which is down 0.2 percentage points 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 February 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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