Ukraine CPI slows down to 1.0% m/m in June

Ukraine CPI slows down to 1.0% m/m in June



8 липня 2014 года
Конкорд Капитал

Ukraine’s consumer price growth slowed down to 1.0% m/m (12.0% yoy) in June compared to 3.8% m/m (10.8% yoy) in the prior month, according to state statistics released on July 7. Price growth cooled for almost all CPI components, including utilities (1.7% m/m vs. 12.8% m/m a month ago), healthcare (2.5% m/m vs. 3.1% m/m a month ago), transportation (1.9% m/m vs. 3.6% m/m a month ago) and food (+0.7% m/m vs. +3.6% m/m a month ago). Only education prices sped up 0.9% m/m from 0.0% in May.



Alexander Paraschiy: Consumer price trends met our expectations in June. For July, we expect CPI to jump by nearly 3% m/m due to a 40% increase in heating rates (central heating consumers pay for it all year round). However, after that we anticipate the slowing trend to continue as shrinking internal demand will also contribute heavily to limiting consumer price growth. Against this backdrop, we are keeping our previous CPI forecast unchanged at 10.3% yoy (16.3% YTD) for 2014.

Источник: Конкорд Капитал

Аналитик: Александр Паращий
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