Feb. inflation rates slow; liquidity remains steady; auction sees good proceeds; UAH\'s TWI rises

Economics: Inflation in Feb-12: CPI and PPI rates both slow
Yesterday, the State Statistics Committee of Ukraine released its monthly inflation report, showing that headline CPI rose 0.2% MoM, and PPI increased by 0.8% MoM. The former, the consumer price index, was restrained from posting a larger jump, as prices fell on certain food items (most notably, on eggs, -3.8% MoM; and sugar, -2.8% MoM) as well as on footwear and clothing, which, as a group, saw a price decline of 0.8% MoM. The latter, the producer price index, accelerated (in terms of on-month growth) from being flat in the previous month. The key to why PPI was at +0.8% in February was the processing sector, where prices rose by a mere 0.4% MoM, while in the mining and utilities sectors, prices rose by 2.1% MoM and 1.6% MoM, respectively.

Attached please find the complete report, which includes supporting charts and tables for all comments (PDF file: 11 pages, 1201KB)