Ukraine Inflation January 2018

Ukraine

Ukraine: Inflation hits three-month high in January

February 15, 2018

In January, consumer prices rose 1.5% from the previous month, which was above December’s 1.0% increase. January’s result was chiefly due to higher prices for transport, food and non-alcoholic beverages.

Inflation rose from December’s 13.7% to 14.1% in January, a three-month high. Inflation has been elevated in the second half of 2017 and the start of 2018 due to strong consumer spending, rising prices for food and a weakening in the hryvna. Annual average inflation inched up in January to 14.6%, from December’s 14.5%, marking an over one-year high.

FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 9.2%, which is up 0.3 percentage points from last month’s forecast. For 2019, the panel sees inflation easing to 7.6%.


Author: Angela Bouzanis, Lead Economist

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Ukraine Inflation Chart


Ukraine Inflation January 2018

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


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