Ukraine Inflation


Ukraine: Inflation inches up in November

December 9, 2015

Consumer prices rose 2.0% in November over the previous month, which contrasted October’s 1.3% fall. According to State Statistics Service of Ukraine, the result was mainly driven by a rise in food and beverage prices. In contrast, prices for housing, water, electricity, gas and other fuels fell compared to the previous month.

After six consecutive months of moderation, inflation inched up in November, halting the downward trend. Inflation rose from October’s 46.4% to 46.6% in November. Inflation remains at historically high levels since skyrocketing at the onset of the military conflict in Eastern Ukraine. Annual average variation in consumer prices continued to rise in November, increasing from 44.9% to 47.0%, which marked the highest level on record.

FocusEconomics Consensus Forecast panelists expect inflation to end 2015 at 42.4%, which is down 2.8 percentage points from last month’s forecast. For 2016, the panel sees inflation easing to 14.5%, which is down 0.8 percentage points from the previous month’s estimate.

Author: Angela Bouzanis, Senior Economist

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Ukraine Inflation Chart

Ukraine Inflation November 2015

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

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