Ukraine: Inflation eases in July
Latest reading: Inflation fell to 14.1% in July from June’s 14.3%, marking a five-month low and the second consecutive decrease in price pressures. The moderation was due to softer price growth for food and hospitality. The joint-lowest increase in prices for housing and utilities in over three years also capped the rise. Still, the headline figure remained above the Central Bank’s 5.0% target, with price pressures for transport picking up from June.
Annual average inflation rose to 12.4% in July from 11.7% in June. Meanwhile, core inflation ticked down to 11.7% in July (June: 12.1%).
Finally, consumer prices fell 0.20% in July, contrasting June’s 0.80% increase.