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growth for imported items.
Concorde Capital expects consumer inflation will accelerate in the last quarter of the year amid renewed inflation for food prices. We expect consumer inflation to land at 4.8% YTD in 2020 (vs. 4.1% YTD in 2019).
Consumer prices in Ukraine in September 2020 increased 0.5% after a decrease of 0.2% in August and 0.6% in July and an increase of 0.2% in June​, 0.3% in May and 0.8% in April and March, the State Statistics Service reported on Friday.
In September 2019, inflation was 0.7%, so in year-over-year inflation in September 2020 decreased to 2.3% compared to 2.5% in August and 2.4% in July, returning to the level end of March.
According to the State Statistics Service, in September 2020, underlying inflation was 1.1% after 0.1% in August and deflation of 0.1% in July. However, in September of the current year, it was even higher – 1.2%, therefore, year-over-year underlying inflation in September also decreased from 3.2% to 3.1%.
20​ UKRAINE Country Report​ November 2020 ​ ​www.intellinews.com