Ukraine: Consumer prices drop to a five-month low in September
October 7, 2013
In September, consumer prices were flat over the previous month, after the sharp 0.7% decline registered in August. The result mainly reflected that lower prices for food and non-alcoholic beverages as well as clothing and footwear were offset by higher prices for alcoholic beverages and tobacco.
On a year-on-year basis, consumer prices dropped 0.5% in September, following the 0.4% contraction tallied in August and marking the steepest decline in five months. Meanwhile, annual average inflation in September remained at August's minus 0.3%.
FocusEconomics Consensus Forecast panelists expect inflation to reach 2.1% in 2013, which is down 1.1 percentage points from last month's forecast. For next year, the panel sees inflation rising to 5.4%, which is down 0.2 percentage points from last month's estimate.