Ukraine Inflation February 2017


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.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 9.2%, which is up 0.2 percentage points from last month’s forecast. For 2018, the panel sees inflation easing to 7.8%.

Author: Angela Bouzanis, Senior Economist

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Ukraine Inflation Chart

Ukraine Inflation January 2017

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: State Statistics Service of Ukraine.

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