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%).