Ukraine Inflation


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.


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Ukraine Inflation Chart

Ukraine Inflation September 2013

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: State Statistics Service of Ukraine.

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