Ukraine Inflation


Ukraine: Inflation flat in August

September 6, 2012

In August, consumer prices dropped 0.3% over the previous month, which was a notch below the 0.2% fall seen in July and represented, in fact, the fourth 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. Despite the monthly drop, annual inflation inched up from minus 0.1% in July to 0.0% in August. The economy thus exited deflation following three months in which consumer prices remained in negative territory. The Central Bank anticipates that inflation will not exceed 5.0% this year


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