Ukraine Inflation November 2020

Ukraine

Ukraine: Inflation hits highest level since December 2019 in November

December 10, 2020

Consumer prices increased 1.30% from the previous month in November, accelerating from the 1.00% increase logged in October. November's result was the sharpest increase in prices since November 2018. The pick-up was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, alcoholic beverages and tobacco, and transportation. In addition, prices for housing, water, electricity, gas and other fuels also gained steam.

Inflation came in at 3.8% in November, up from October’s 2.6%. November's figure represented the highest inflation rate since December 2019. Annual average inflation fell to 2.7% in November (October: 2.8%). Core inflation rose to 3.9% from October’s 3.2%.

FocusEconomics Consensus Forecast panelists project inflation to end 2021 at 5.4%, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 5.1%.


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Ukraine Inflation November 20 20

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


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