Ukraine: Inflation inches up in December
January 10, 2018
In December, consumer prices rose 1.0% from the previous month, which was a notch above November’s 0.9% increase. December’s rise was chiefly due to a jump in prices of food and non-alcoholic beverages.
Inflation inched up from November’s 13.6% to end the year at 13.7% in December. The result was above 2016’s year-end reading of 12.4%. Inflation rose notably in the second half of 2017 due to strong consumer spending, rising prices for commodities and a weakening in the hryvna. In 2017, inflation averaged a high 14.5%, but a slight improvement from 2016’s 14.9%.
Ukraine Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 8.0%, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel sees inflation easing to 6.8%.