Ukraine Inflation February 2019


Ukraine: Inflation moderates in February

March 12, 2019

Consumer prices rose 0.5% month-on-month in February, down from January’s 1.0% increase. According to the State Statistics Service of Ukraine, the result was largely driven by a lower increase in prices for food, as well as for housing, water, electricity, gas and other fuels.

Inflation fell from 9.2% in January to 8.8% in February, marking the lowest reading in over two years. As a result, inflation continued to edge closer to the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Lastly, annual average inflation also moderated in February, coming in an over four-year low of 10.2% (January: 10.6%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.7%, which is unchanged from last month’s forecast. For 2020, the panel sees year-end inflation easing to 6.4%.

Author:, Research Team Manager

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