July 2024 Sees Ukraine's Inflation Rate Hit 0% with Yearly Growth of 5.4%
Friday, 9 August 2024, 06:19
July 2024 Inflation Overview
Ukraine has recorded a remarkable decline in inflation, dropping to 0% for July 2024. This significant change is juxtaposed against a core inflation growth, which now stands at 0.7% for the month.
Yearly Inflation Trends
- Inflation in July 2024 was 0%, compared to 0.5% in June.
- Core inflation increased from 0.3% in May to 0.7% in July.
- Annual core inflation grew from 5% in June to 5.7% in July.
Conclusion
The drop in overall inflation to 0% suggests stability in consumer prices. However, rising core inflation signals potential underlying challenges in the economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.