Inflation in Ukraine in 2014 will be 5% – Fitch

Fitch Ratings expects inflation in Ukraine at 1.5% in 2013 and 5% in 2014.

This was reported by the director of the analytical group for ranking of European countries with developing economies of the Fitch Ratings Charles Saville, the "UNIAN" reported.

According to the report of the agency, presented by Charles Saville, the average annual inflation in Ukraine in 2013 is expected to reach 1.5%, the next year – 5%.

Recall that in general, since the beginning of 2013, the base deflation was 0.3%, while in the same period of the last year the base inflation in Ukraine was 0.4%.

As you know, base inflation excludes short-term irregular price changes under the influence of certain factors that are administrative, event and seasonal in nature.

In general, it is price dynamics, which ignores changes in prices for food and energy.

Recall that in 2012, the base deflation in Ukraine dropped to 0.8%, while consumer prices fell by 0.2%.

Consumer prices in Ukraine in August 2013 dropped by 0.7%, and in general since the beginning of the year – by 0.6%. In annual terms – compared to the same month in 2012 – the deflation was 0.4%.

Source: the Ekonomichna Pravda