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Prices shrink three months in row in Ukraine

In August, prices inched down 0.3%.

Prices shrink three months in row in Ukraine
Photo: Photo: www.aisberg.com

In August 2016, Ukraine saw the decline in consumer prices (deflation) was recorded at 0.3% over July, the State Statistics Service said in a release on 8 September.

Over the past month, food prices dropped, including vegetable (-10.6%), fruit (-5.1%), clothing (-2.5%) and footwear (-4.5%), while sewer rates (10.3%) and water supply tariffs (8.7%) soared.

The annual inflation (August to August of the previous year) was 8.4%.

In the first eight months of 2016, inflation was 4.5%.

In 2015, prices rose 43.3% in Ukraine.

The official inflation forecast for 2016 is about 12%.