Core inflation in Ukraine accelerates to 9.8%

Ukraine's core inflation accelerated to 9.8% in January 2018 from January 2017 against 9.5% in December 2017 from December 2016.

However, core inflation in January 2018 compared to December 2017 slowed to 0.7% from 0.8% in December 2017 compared to November 2017, Ukraine's State Statistics Service said.

Read alsoCore inflation up 9.5% in Ukraine in Dec 2017The State Statistics Service said that the data excluded reports from temporarily occupied areas in the Autonomous Republic of Crimea, the city of Sevastopol, and Donbas.

As UNIAN reported earlier, inflation in Ukraine in 2017 (in December 2017 from December 2016) accelerated to 13.7% compared to 12.4% inflation in 2016.

Core inflation represents the long run trend in the price level. In measuring long-run inflation, transitory price changes should be excluded. One way of accomplishing this is by excluding items frequently subject to volatile prices, like food and energy.