Ukrainian Inflation Quickens Though Rate Cuts Likely to Persist

  • Consumer prices rose 7.9% in July after 6.9% advance in June
  • Inflation increase is driven by costs for utility services

Ukrainian inflation quickened for the first time in eight months after the government raised utility tariffs, though price increases remained below the central bank’s full-year target and the uptick is unlikely to derail four months of interest-rate cuts.

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