Ukraine Inflation May 2019


Ukraine: Inflation jumps in May

June 17, 2019

Consumer prices rose 0.7% month-on-month in May, down slightly from a 1.0% increase in April. According to the Statistical Institute, the deceleration was largely driven by moderating food price growth as well as lower prices for housing, water, electricity, gas and other fuels, which partly offset faster increase in prices for transport.

Inflation jumped from 8.8% in April to 9.6% in May, marking the highest reading so far this year. As a result, it moved further above the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Nevertheless, annual average inflation continued to trend down, moderating to an over four-year low of 9.3% (April: 9.4%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.5%, which is unchanged from last month’s forecast. For 2020, the panel sees year-end inflation easing to 6.4%.

Author:, Economist

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Ukraine Inflation Chart

Ukraine Inflation May 2019

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

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