Ukraine: Inflation picks up in July after bottoming out in June
August 11, 2016
In July, consumer prices fell 0.1% over the previous month, which followed June’s 0.2% increase. July’s result marked a second consecutive monthly drop.
Inflation reached a peak of 60.9% in April 2015 due to a drastic depreciation of the national currency and began an almost uninterrupted downward trend from then onwards, which seems to have bottomed out in June this year. Inflation rose from 6.9% in June—the lowest since April 2014—to 7.9% in July, suggesting that inflationary pressures are abating. Annual average inflation eased from 34.5% in June to 30.6% in July.