Page 25 - UKRRptMar19

4.2 Inflation
Prices 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F
CPI headline (%YoY, 16.6 22.3 12.3 9.1 4.6 -0.2 0.5 24.9 43.3 12.4 13.7 9.4 eop)
CPI headline (%YoY, 12.8 25.3 16 9.4 8 0.6 -0.3 12.1 48.5 14.9 14.5 9.2 average)
PPI (%YoY, eop) 23.2 21.1 15.3 18.8 17.4 0.4 1.7 31.8 25.4 35.7 16.5 9
PPI (%YoY, 20.5 33.6 7.4 21.4 19.9 6 -0.1 17 36.5 20.4 27.2 10.6 average)
Source: ICU, CEIC
4.2.1 CPI dynamics
Ukraine’s consumer prices increased 1.0% m/m in January, driven mostly by food, housing and utility prices , the State Statistics Service reported on February 8. Meanwhile, annual inflation slowed to 9.2% y/y from 9.8% y/y in December.
Prices for housing and utilities jumped 2.6% m/m, driven mostly by price hikes for heating and hot water (11.0% m/m) that were caused by previously increased residential natural gas rates.
Food prices grew 2.1% m/m in January (vs. 1.8% m/m growth in December), driven by vegetables (16.6% m/m), fruits (4.7% m/m) and milk (1.6% m/m). At the same time, prices for eggs slid 0.5% m/m.
25 UKRAINE Country Report March 2019 www.intellinews.com