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%.
Author: Nicolás J. Aguilar, Economist