Ukraine Inflation December 2020


Ukraine: Inflation rises to over one-year high in final month of 2020

January 11, 2021

Consumer prices rose 0.91% from the previous month in December, moderating from the 1.30% increase logged in November. December’s result was primarily driven by a marked slowdown in price growth for housing and utilities. Price pressures for transport also eased.

Inflation jumped from 3.8% in November to 5.0% in December, the highest reading since November 2019 and landing at the midpoint of the Central Bank’s target range of 5.0% plus or minus 1.0 percentage point. Annual average inflation held steady at the prior month’s 2.7%. Lastly, core inflation climbed to 4.5% (November: 3.9%).

FocusEconomics Consensus Forecast panelists project inflation to end 2021 at 5.5%, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 5.1%.


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Ukraine Inflation Chart

Ukraine Inflation December 20 20

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

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