Ukraine Inflation March 2017


Ukraine: Inflation hits one-year high in March

April 10, 2017

In March, consumer prices rose 1.8% from the previous month, which followed February’s 1.0% increase. March’s reading was driven by soaring prices for clothing and footwear as well as higher prices for housing, electricity, gas and other fuels.

Inflation edged up from February’s 14.2% to 15.1% in March—a 12-month high. However, annual average inflation continued to ease, falling from 11.1% in February to 10.6% in March, the lowest result since November 2014.

FocusEconomics Consensus Forecast panelists expect inflation to end 2017 at 9.3%, which is up 0.3 percentage points from last month’s forecast. For 2018, the panel sees inflation easing to 7.3%.

Author: Angela Bouzanis, Lead Economist

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Ukraine Inflation Chart

Ukraine Inflation March 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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