Ukraine: Inflation hits an over six year-high July
Consumer prices rose 0.70% in July over the previous month, slowing down from the 3.11% increase logged in June. July’s result marked the weakest reading since December 2021. Looking at the details of the release, transportation prices dropped in July compared to the previous month, while prices for housing, water, electricity, gas and other fuels grew at a more subdued pace. Conversely, price pressures for alcoholic beverages and tobacco picked up pace
Inflation rose to 22.2% in July, above June’s 21.5%. July’s figure marked the highest inflation rate since February 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 13.9% in July (June: 12.9%). Lastly, core inflation ticked up to 1.3% in July, from the previous month’s 1.2%.