June inflation in Ukraine equals to zero for second month in a row, it slows to 9.9% over-over-year

18:55, 09.07.2018 1 min read

Consumer prices in Ukraine in June 2018 remained zero for the second consecutive month, their growth since the beginning of the year was 4.4%, the State Statistics Service of Ukraine said on Monday.

Inflation in June 2018 from June 2017 slowed to 9.9% from 11.7% in May and 13.1% in April.

Core inflation in June 2018 also fell to zero from 0.2% in May and 0.6% in April, and its indicator in June 2018 from June 2017 was 9% compared to 9.3% in May.

As reported, inflation in Ukraine in 2017 accelerated to 13.7% compared with 12.4% in 2016, which, however, was significantly lower than in the past years: 43.3% in 2015 and 24.9% in 2014.

The National Bank of Ukraine (NBU) late in October 2017 reviewed the inflation forecast for 2018 upwards from 6% to 7.3% and in January 2018 the indicator was updated to 8.9%, while the Cabinet changed its forecast from 7% to 9%.

In addition, to curb price increases, the NBU raised the refinancing rate to 17% from 16% as of March 2.