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Ukraine Inflation January 2018

Ukraine: Inflation hits three-month high in January

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.

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