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Friday, March 7, 2008

Ukraine Inflation February 2008

Ukraine's annual inflation rate rose to 21.9 percent in February. Inflation accelerated from 19.4 percent in January, which was already the fastest rate since 2001 according to data released by the state statistics committee earlier today. Month on month, consumer prices rose 2.7 percent, compared with a 2.9 percent increase from December to January.

Producer prices increased 3 percent in February from January, according to the state statistics office. Prices rose 5.4 percent in January and February combined . The office has not yet released the annual figure for February immediately, but since the PPI was up 3.4% in January and February 2007, and the annual rate was 23,3% to december, a good working guess is that in February year on year the PPI was up by around 25%.

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