Consumer prices in Ukraine remain unchanged in Aug, grow by 9% over year

18:41, 10.09.2018 1 min read

Consumer prices in Ukraine, after the decrease by 0.7% in July, in August remained unchanged, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.

According to the agency, in annual terms (August 2018 from August 2017) inflation slightly grew, to 9% compared to 8.9% in July, which, however, is below 9.9% in June and 11.7% in May.

Underlying inflation in August 2018 amounted to 0.1% after minus 0.1% in July, while in the eight months it reached 3.5%.

In annual terms, the rise in the basic index slowed to 8.7% from 8.8% in July and 9% in June.

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

The National Bank at the end of October 2017 downgraded the forecast for inflation in 2018 from 6% to 7.3%, in January 2018 to 8.9%, while the Cabinet of Ministers from 7% to 9%.