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Inflation in Ukraine rises by 0.1% over last month

Source : 112 Ukraine

In August, there was a significant drop in prices for food and soft drinks
12:16, 10 September 2020

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According to the results of August 2020, inflation in Ukraine increased by 0.1% compared to July of the current year. This is stated in the report of the State Statistics Service.

"Consumer prices in August 2020 decreased by 0.2% compared to July 2020, compared to the beginning of the year - increased by 1.2%. Core inflation in August 2020 was 0.1% (compared to July 2020), compared to the beginning of the year - 1.5%," reads the message.

It is also noted that there was a significant drop in prices for food and soft drinks – by 1,5%.

Related: Ukraine's Economy Ministry improves its inflation forecast for 2020

As we reported earlier, according to the forecast of the Fitch rating agency, Ukraine's GDP will have decreased by 6.5% by the end of this year.

At the same time, the agency predicts an increase in this indicator in 2021 and 2022 by 3.8% and 3.5%, respectively. However, given the ambiguous situation around the coronavirus pandemic and its consequences, these indicators may change significantly.

Fitch analysts also believe that in 2022-2023 the national debt will stabilize at 60%, and further our country will reduce this figure.

Related: Finance Ministry balances basis of state budget for 2021, - PM

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