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09
September
2021

Ukraine records 10% inflation in Aug – statistics

KYIV. Sept 9 (Interfax-Ukraine) – The growth of consumer prices in Ukraine in annual terms in August 2021 remained at the level of 10.2%, the State Statistics Service reported.

According to its data, after inflation of 0.1% in July, deflation of 0.2% was recorded in August this year, which corresponds to the dynamics of prices in August last year.

Underlying inflation in August was zero after deflation of 0.1% a month earlier. In August last year, an underlying inflation of 0.1% was recorded, respectively, in annual terms, it decreased to 7.2%.

As reported, in June consumer prices in Ukraine increased by 0.2%, in May – by 1.3%.

In general, for the first eight months of this year, inflation in Ukraine amounted to 6.2%, underlying inflation – 4.2%.

The National Bank of Ukraine in July downgraded the inflation forecast for 2021 from 8% (in the April forecast) to 9.6%. According to it, by the end of the third quarter, inflation will peak this year at 11.2%, after which it will begin to decline.