Ukraine: Inflation stabilizes in January
February 6, 2014
In January, consumer prices increased 0.2% over the previous month, which was down from the 0.5% rise registered in December. The monthly increase was broad-based, with all but one component of the index increasing in January. The largest increases were registered in alcoholic beverages and tobacco; clothing and footwear was the only category in which prices dropped.
Annual inflation stabilized at December's 0.5% in January. Despite the acceleration in recent months, inflation remains well below the Central Bank's 4.0%-6.0% target range for 2013-2014. Meanwhile, annual average variation in consumer prices inched up from December's minus 0.3% to minus 0.2% in January.
FocusEconomics Consensus Forecast panelists expect inflation to end 2014 at 4.3%, which is down 0.1 percentage points from last month's forecast. For 2015, the panel sees inflation rising to 6.1%.