Ukraine Inflation November 2018


Ukraine: Inflation up again in November

December 12, 2018

Consumer prices rose 1.4% month-on-month in November, down slightly from October’s 1.7% increase. According to the State Statistics Service of Ukraine, the result was largely driven by higher prices for housing, water, electricity, gas and other fuels as well as for miscellaneous goods and services.

Inflation rose to 10.0% in November, from 9.5% in October, marking a six-month high and moving further above the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Meanwhile, annual average inflation continued to fall in November, coming in at an 18-month low of 11.3% (October: 11.6%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.4%, which is down 0.5 percentage points 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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Ukraine Inflation Chart

Ukraine Inflation November 2018

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

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