Annual inflation rate in Ukraine decreased to 9.8% in December of 2018 from 10% in the previous month and below market expectations of 10.2%. Prices slowed for transport (12.9% from 16.8%); furniture & household equipment (6.8% from 7%); clothing & footwear (2% to 2.1%); miscellaneous goods & services (11% from 11.1%); recreation & culture (4.4% from 4.7%) and restaurant & hotels (13% from 13.7%). On the other hand, cost advanced faster for food & non-alcoholic beverages (7.8% from 7.5%); housing & utilities (10.6% from 10.2%); alcoholic beverages & tobacco (17.9% from 17.4%); communication (15.1% from 14.5%) and education (13.4% from 13.3%). On a monthly basis, consumer prices went up 0.8%, following a 1.4% gain in November and less than market consensus of a 1.2% advance. Inflation Rate in Ukraine averaged 33.85 percent from 1995 until 2018, reaching an all time high of 530.30 percent in September of 1995 and a record low of -1.20 percent in June of 2012.
Inflation Rate in Ukraine is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ukraine to stand at 6.30 in 12 months time. In the long-term, the Ukraine Inflation Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.