Ukraine: Inflation hits a nearly one-year high in February
March 13, 2017
In February, consumer prices rose 1.0% from the previous month, which followed January’s 1.1% increase. February’s reading was driven by higher prices for food and beverages, which were partly balanced by falling prices for clothing and footwear.
Inflation edged up from January’s 12.6% to 14.2% in February—an 11-month high. Although price pressures have picked up recently due to adjustments in gas prices, inflation remains significantly lower than February 2016’s 32.7%. Annual average inflation continued to ease, falling from 12.6% in January to 11.1% in Feburary, the lowest result since December 2014.