Inflation in Ukraine
Ukraine - Inflation
Inflation drops to three-month low in November
Consumer prices fell 0.54% over the previous month in November, following the 0.09% fall seen in October. November's result marked the weakest reading since February 2020. Looking at the details of the release, the change in the prices for food and non-alcoholic beverages was largely steady in November, while prices for alcoholic beverages and tobacco increased. Meanwhile, transportation prices increased.
Inflation came in at 10.3% in November, which was down from October’s 10.9%. November's result represented the lowest inflation rate since August. Annual average inflation rose to 8.9% in November (October: 8.4%). Finally, core inflation rose slightly to 7.7% in November, from October’s 7.6%.
FocusEconomics Consensus Forecast panelists expect inflation to average 7.2% in 2022, which is unchanged from last month’s forecast. For 2023, the panel sees year-end inflation at 5.7%.
Ukraine - Inflation Data
|Inflation Rate (CPI, annual variation in %)||48.5||14.9||14.5||11.0||7.9|
5 years of economic forecasts for more than 30 economic indicators.
Ukraine Inflation Chart
Source: State Statistics Committee of Ukraine (Ukrstat).
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||23.70||0.30 %||Jan 01|
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December 22, 2021
Industrial production grew 1.3% year-on-year in November (October: +1.4 yoy).
December 21, 2021
A second national accounts release confirmed that economic growth softened in the third quarter, with GDP expanding 2.7% year-on-year (Q2: +5.7% yoy).
December 9, 2021
Consumer prices fell 0.54% over the previous month in November, following the 0.09% fall seen in October.
December 9, 2021
At its last meeting of 2021 on 8 December, the National Bank of Ukraine (NBU) raised its key policy rate by 50 basis points to 9.00%, despite hinting that it would hold rates until at least Q3 2022 at its previous meeting.
November 22, 2021
Industrial output grew 1.4% year-on-year in October, matching September’s result.