You're reading: Inflation in Ukraine accelerates to 0.9 percent in January, in annual terms slows down to 40.3 percent

Inflation in Ukraine in January 2016 accelerated to 0.9 percent from 0.7 percent in December last year, the State Statistics Service has reported.

According to its data, in annual terms (compared to the same period of last year) the rise in consumer prices slowed down to 40.3 percent from 43.3 percent in 2015.

As reported, the government and the National Bank of Ukraine forecast a 12 percent inflation for 2016, while the government forecast for GDP growth is 2 percent, and the NBU in late January downgraded its expectations regarding economy recovery in the current year from 2.4 percent to 1.4 percent.

Inflation in Ukraine in 2015 increased to 43.3 percent from 24.9 percent in 2014 and 0.5 percent in 2013.