Ukraine Inflation August 2021


Ukraine: Inflation remains steady in August

September 9, 2021

Consumer prices fell 0.22% from the previous month in August, contrasting July's 0.09% rise. August's result marked the weakest print since July 2020. The reading was driven by falling prices for food and non-alcoholic beverages and easing price pressures for transportation.

Meanwhile, inflation was stable at July's 10.2% in August. Annual average inflation rose to 7.0% in August (July: 6.3%). Lastly, core inflation fell to 7.2% in August, from July’s 7.3%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 9.2%, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 6.1%.


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Ukraine Inflation Chart

Ukraine Inflation August 2021

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

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