Ukraine sees zero core inflation in January

Ukraine saw zero core inflation in January 2016 compared with December 2015, which is estimated based on consumer price index growth without short-term irregular changes under the influence of certain factors of an administrative, event-related and seasonal nature, the State Statistics Service of Ukraine reported on its website.

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The year-over-year core inflation was registered at 31.3% in January 2016.

The data does not include reports from temporarily occupied territory in the Autonomous Republic of Crimea and the city of Sevastopol, as well as part of the Anti-Terrorist Operation zone in eastern Ukraine.

As UNIAN reported earlier, inflation in Ukraine in January 2016 accelerated to 0.9% from 0.7% in December last year.

In annual terms, inflation in January 2016 slowed down to 40.3% year-over-year from 43.3% recorded in the previous month.

The NBU has maintained its outlook for headline inflation in Ukraine in 2016 at 12%.

According to UNIAN's expert consensus forecast, inflation is projected to slow to 19% this year.

The 2016 budget foresees annual inflation at 12% and the hryvnia exchange rate at UAH 24.1 per U.S. dollar.

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