Ukraine: Inflation ticks up to highest level since December 2023 in June
Inflation increased to 4.8% in June, above May’s 3.3%. June’s result was the highest inflation rate since December 2023. The uptick was primarily driven by a softer fall in prices for food and non-alcoholic beverages. In addition, price pressures for transport plus housing, water, electricity, gas and other fuels rose at a quicker pace.
Annual average inflation fell to 5.5% in June (May: 6.2%). Meanwhile, core inflation rose to 5.0% in June from May’s 4.4%.
Lastly, consumer prices increased 2.19% over the previous month in June, picking up from May’s 0.61% increase. June’s result was the highest reading since October 2022.