Ukraine: Inflation hits highest level since October 2019
March 9, 2021
Consumer prices rose 1.31% over the previous month in January, quickening from the 0.91% increase logged in December 2020. January’s reading was largely driven by a marked acceleration in prices for housing and utilities, as well as a rise in price pressures for transport.
Inflation rose to 6.1% in January from 5.0% in December, the highest reading since October 2019 and landing just above the upper bound of the Central Bank’s target range of 4.0%-6.0%. Annual average inflation rose to 3.0% from the prior month’s 2.7%. Lastly, core inflation jumped to 5.0% (December: 4.5%).