Ukraine: Inflation eases in August
Latest reading: Inflation fell to 13.2% in August from July’s 14.1%, marking a seven-month low and the third consecutive decrease in price pressures. The moderation was due to softer price growth for food, aided by the arrival of the new harvest to the market. Moreover, milder price pressures for transportation capped the rise. Still, the headline figure remained above the Central Bank’s 5.0% target.
Annual average inflation rose to 12.9% in August from 12.4% in July. Meanwhile, core inflation ticked down to 11.4% in August (July: 11.7%).
Finally, consumer prices fell 0.20% in August, unchanged from July’s reading.