Ukraine: Inflation moderates in February
Consumer prices rose 0.5% month-on-month in February, down from January’s 1.0% increase. According to the State Statistics Service of Ukraine, the result was largely driven by a lower increase in prices for food, as well as for housing, water, electricity, gas and other fuels.
Inflation fell from 9.2% in January to 8.8% in February, marking the lowest reading in over two years. As a result, inflation continued to edge closer to the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Lastly, annual average inflation also moderated in February, coming in an over four-year low of 10.2% (January: 10.6%).