Ukraine: Inflation eases in June
Consumer prices fell 0.5% month-on-month in June, contrasting May’s 0.7% rise. According to the Statistical Institute, falling prices for food and non-alcoholic beverages; clothing and footwear; and housing, water, electricity, gas and other fuels were chiefly behind the drop.
Inflation fell from May’s five-month high 9.6% to 9.0% in June. However, it still lies above the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Meanwhile, annual average inflation inched down to 9.2% from May’s 9.3%.