Ukraine: Consumer prices fall for third consecutive month
August 6, 2012
In July, consumer prices dropped 0.2% over the previous month, which was a notch above the 0.3% fall seen in June and represented, in fact, the third consecutive monthly decline. The decrease was mostly the result of lower prices for food and non-alcoholic beverages as well as for clothing and footwear. As a result, consumer prices were down 0.1% over the same month last year, following the 1.2% drop observed in June, which had marked the lowest reading on record. The Central Bank anticipates that inflation will not exceed 5.0% this year.