Annual inflation rate in Ukraine fell to 8.8 percent in August of 2019 from 9.1 percent in the previous month and below market expectations of 8.9 percent. It was the smallest inflation rate since April, as cost slowed for housing & utilities (5.8 percent vs 7.3 percent in July); transport (4.6 percent vs 6.8 percent) and clothing & footwear (a flat reading from 0.2 percent). On the other hand, prices advanced faster for food & non-alcoholic beverages (10.2 percent vs 9.9 percent)and miscellaneous goods & services (10.0 percent vs 9.8 percent) while inflation was steady for restaurants & hotels (at 11.7 percent). On a monthly basis, consumer prices dropped 0.3 percent, following a 0.6 percent decline in the previous month. Inflation Rate in Ukraine averaged 33.18 percent from 1995 until 2019, 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 8.10 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 5.50 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.