Inflation in Ukraine accelerates to 0.9% in Jan, in annual terms slows down to 40.3%

18:28, 08.02.2016 1 min read

Inflation in Ukraine in January 2016 accelerated to 0.9% from 0.7% in December last year, the State Statistics Service has reported.

According to its data, in annual terms (compared to the same period of last year) the rise in consumer prices slowed down to 40.3% from 43.3% in 2015.

As reported, the government and the National Bank of Ukraine forecast a 12% inflation for 2016, while the government forecast for GDP growth is 2%, and the NBU in late January downgraded its expectations regarding economy recovery in the current year from 2.4% to 1.4%.

Inflation in Ukraine in 2015 increased to 43.3% from 24.9% in 2014 and 0.5% in 2013.