Economy

macro economics

Inflation in Ukraine in August accelerates to 0.8%

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Inflation in Ukraine in August accelerates to 0.8%

Inflation in Ukraine in August 2014 accelerated to 0.8% from 0.4% in July, but due to the seasonal declines in the price of fruits and vegetables its rate remained lower compared to 1% in June and 3.8% in May.

According to the State Statistics Service, as a whole since the beginning of this year consumer prices have risen by 12.9%.

In annual terms (relative to the same month last year) inflation accelerated to 14.2% from 12.6% in July, 12% - June, and 10.9% - May.

As reported, in 2013 consumer prices in Ukraine increased by 0.5%, while a year earlier they were down by 0.2%.

The national budget for 2014 is based the forecast for inflation of 14%, but the government has downgraded this figure for the current year to 19%.

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