Ukraine Inflation August 2020

Ukraine

Ukraine: Inflation hits highest level since January in August

September 9, 2020

Consumer prices fell 0.20% in August over the previous month, a more moderate decrease than July's 0.60% fall. August’s result reflected a jump in housing prices, while prices for food and non-alcoholic beverages continued to fall.

Inflation came in at 2.5% in August, above July’s 2.4% and marking the highest inflation rate since January, albeit well-below the Central Bank’s target range of 5.0% plus or minus 1.0 percentage point. Annual average inflation fell to 3.5% in August (July: 4.0%). Lastly, core consumer prices edged up 0.1% month-on-month after having stagnated in July.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 4.8% and 2021 at 5.0%.


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Ukraine Inflation August 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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