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Ukraine’s Inflation Rate Drops to 3%, Lowest in Nine Years

Ukraine’s inflation rate fell to its lowest level in nine years in February as food prices continued to decline after a good harvest last year.

Consumer prices rose 3 percent from a year earlier compared with 3.7 percent in January, the statistics office in the capital, Kiev, said today on its website. The median estimate of seven economists in a Bloomberg survey was for a 3.2 percent advance. Prices increased 0.2 percent from the previous month.