The annual inflation rate in Ukraine rose to 9.1 percent year-on-year in July of 2019 from 9.0 percent in the previous month and in line with market expectations. Prices advanced faster for food & non-alcoholic beverages (9.9 percent vs 8.5 percent in June); clothing & footwear (0.2 percent vs 0.1 percent) and for restaurants & hotels (11.7 percent vs 11.6 percent). On the other hand, cost slowed for housing & utilities (7.3 percent vs 10.4 percent); transport (6.8 percent vs 8.7 percent); miscellaneous goods & services (9.8 percent vs 10.1 percent) and alcoholic beverages & tobacco (15.2 percent vs 15.9 percent). On a monthly basis, consumer prices dropped 0.6 percent, following a 0.5 percent decline in the previous month. Inflation Rate in Ukraine averaged 33.26 percent from 1995 until 2019, reaching an all time high of 530.30 percent in September of 1995 and a record low of -1.20 percent in June of 2012.
Inflation Rate in Ukraine is expected to be 8.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ukraine to stand at 5.50 in 12 months time. In the long-term, the Ukraine Inflation Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.