Statistics: Ukraine sees 0.3% deflation in August

17:55, 08.09.2016 1 min read

Consumer prices in Ukraine in August 2016 have slightly decreased for the third month in a row, in particular by 0.3% after falling 0.1% in July and 0.2% in June, the State Statistics Service has reported.

The service noted in August last year consumer prices fell by 0.8%, as a result in annual terms (compared to the same month last year) inflation in August accelerated to 8.4% compared to 7.9% in July and 6.9% in June.

Since the beginning of this year consumer prices in Ukraine increased by 4.5%,

As reported, the government and the National Bank of Ukraine forecast a slowdown in inflation to around 12% with the growth of economy being about 1% in 2016.

Growth in consumer prices in Ukraine in 2015 accelerated to 43.3% from 24.9% in 2014, while the fall of GDP accelerated to 9.9% from 6.6% over the same period.