You're reading: Inflation in Ukraine up to 5.3 percent in Feb 2015, 34.5 percent year-on-year – statistics

Monthly inflation in Ukraine in February 2015 reached 5.3 percent compared to 3.1 percent in January, 3 percent in December 2014, and 1.9 percent in November 2014, the Ukrainian State Statistics Service has reported.

In yearly terms, inflation in February 2015 reached 34.5 percent compared to February 2014, having accelerated from 28.5 percent in January 2015 vs January 2014 and 24.9 percent over 2014.

As reported, consumer prices in Ukraine rose by 0.5 percent in 2013, while in 2012 they declined by 0.2 percent.

Ukraine’s 2015 national budget is based on an optimistic scenario, with GDP declining by 5.5 percent and inflation of 26.7 percent, while two other governmental scenarios envision GDP declining by 8.6 percent and 11.9 percent and inflation reaching 38.1 percent and 42.8 percent respectively.