Ukraine: Inflation largely unchanged in September

Consumer prices rose 1.9% month-on-month in September, the sharpest rise since September 2017 (August: 0.0% mom). According to the State Statistics Service, prices for clothing and footwear as well as education soared in the month, likely due to the start of the academic year.

Inflation edged down from 9.0% in August to 8.9% in September, matching July’s two-year low. Meanwhile, annual average inflation continued to fall, coming it at 12.1%—a 15-month low (August: 12.7%).

Ukraine Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 9.1%. For 2019, the panel sees year-end inflation easing to 7.8%, which is up 0.2 percentage points from last month’s forecast.