Annual inflation rate in Ukraine edged down to 8.6% in February of 2019 from 8.8% in the previous month and against market expectations of 8.4%. It was the smallest inflation rate since September 2016, as cost slowed for food & non-alcoholic beverages (7.0% from 7.8% in February); furniture & household equipment (4.1% from 5.1%); recreation & culture (3.1% from 4.0%); alcoholic beverages & tobacco (17.3% from 17.9%); restaurants & hotels (11.8% from 12.0%) and for miscellaneous goods & services (9.8% from 10.7%). On the other hand, inflation was steady for housing & utilities (at 13.2%) while prices rose faster for transport (7.3% from 6.0%); clothing & footwear (2.0% from 0.5%) and for communication (17.5% from 15.2%). On a monthly basis, consumer prices went up 0.9 percent, following a 0.5% gain in February. Inflation Rate in Ukraine averaged 33.59 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 8.40 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 7.60 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.