Ukraine inflation slows to 5.4% in October

The inflation rate in October 2011 amounted to 0.1% after high amount of grain and vegetable crops that helped ease food prices.

According to the State Statistics Committee annual inflation decreased to 5.4% in October from 5.9% in September. It is expected that the inflation will increase in the last two months, since International Monetary Fund is likely to force Ukraine to raise household prices for natural gas.

The government expects 2011 inflation to be 8.9%, down from 9.1% in 2010.

Source: Bloomberg