The state statistics service has updated data on inflation in Ukraine

Consumer prices in Ukraine in August decreased by 0.1%, but in annual terms (compared to the same period last year) inflation accelerated to 16.2%. According to the State statistics service of Ukraine (gosstat).

The office recalls that in July inflation slowed to 0.2% compared to 1.6% in June and 1.3% in may, but in annual terms the growth of consumer prices by the end of July accelerated to 15.9% from 15.6% in June and 13.5% by the end of may.


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The main reason for the acceleration of inflation in annual terms was not as significant a decrease in prices for food this year as last, due to the worst weather conditions and the changed international situation.


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The state statistics service said that since the beginning of the year inflation amounted to 8.1%.

We will remind, the National Bank of Ukraine in General that expect inflation at the end of 2017 will slow to 9.1%.

We will remind, earlier experts already predicted that inflation in 2017 may exceed the budgeted forecast of 8.1% and compared to last year.