Underlying inflation in Ukraine in March 2013 came to 0.0% after two months of underlying deflation of 0.1%, the State Statistics Service has reported.
In annual terms, underlying inflation fell to 0.4%, down from 0.5% in February, 0.7% in January 2013 and 0.8% December 2012.
Since the start of 2013, underlying deflation came to 0.2%, while Ukraine saw 0.2% in underlying inflation in the first quarter of 2012.
Underlying inflation does not include short-term irregular changes in prices influenced by various factors of an administrative, event-based or seasonal character. For instance, it does not include changes in the price of food and energy.
The State Statistics Service started calculating underlying inflation at the beginning of 2008. Underlying inflation in 2009 was 14.9%, while consumer prices grew by 12.3%. Underlying inflation in 2010 was 7.9%, while the growth of consumer prices stood at 9.1%. In 2011 it grew to 6.9% and 4.6% respectively.
In December 2012, the State Statistics Service registered a rise in consumer prices by 0.2%, while in 2012 deflation came to 0.2%.
The government expected inflation in 2012 to speed up to 7.9%, and this forecast was used to draft the national budget for the current year. The government foresaw 4.8% inflation in the national budget for 2013.
