Ukraine: Inflation surges in October
Latest reading: Inflation rose to 9.7% in October, following September’s 8.6%. October’s figure represented the highest inflation rate since July 2023 and exceeded market expectations. The pick-up was primarily due to increasing price pressures for food and non-alcoholic beverages amid local supply shocks.
The trend pointed up, with annual average inflation coming in at 5.4% in October (September: 5.0%). Meanwhile, core inflation rose to 8.3% in October from the previous month’s 7.3%.
Finally, consumer prices increased 1.81% in October over the previous month, accelerating from the 1.50% rise logged in September. October’s figure was the highest reading since June.