17:32 16.02.2018

Inflationary expectations of Ukrainians improve, consumer confidence remains stable in Jan - study

2 min read
Inflationary expectations of Ukrainians improve, consumer confidence remains stable in Jan - study

The inflationary expectations of Ukrainians in January 2018 improved by 5 points after a negative trend in December 2017 and reached 185.3 (on the scale of 0 to 200), while in general the consumer confidence index in January decreased by 0.8 points compared to the indicator a month earlier and rose by 5.8 points in annual terms, to 59.5.

"In January 2018 the consumer confidence index remained almost unchanged compared to December 2017. On the one hand, one can indicate the improvement of estimates of the current personal financial standing. From the other hand, the expectations of the country's economic development over the next year continue to deteriorate for the second month in a row," according to a monthly survey of GfK Ukraine.

The index of expectations of the country's economic development over the next year declined by 4.5 points, to 54.5, while that for the next five years decreased by 0.9 points, to 70.6. At the same time, Ukrainians were optimistic about the expected changes in personal financial standing: the index rose by 1.6 points, to 57.5, the research says.

However, in general, the index of economic expectations was down by 1.3 points, to 60.9.

In January Ukrainians were also pessimistic about the national currency exchange rate for the next three months: the index of devaluation expectations rose by 1.3 points, to 167. At the same time, the index of expectations of changes in unemployment increased by 0.8 points, to 139.2, according to GfK Ukraine.

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