January inflation was 0.2%, dragging y-o-y inflation down to 3.2%, reports the State Statistics Service. Last year, inflation was 4.1% — less than half the 9.8% recorded in 2018. Pulling down prices, natural gas prices dropped by 21% in January. Two weeks ago, the National Bank of Ukraine lowered its 2020 inflation forecast to 4.8%. The median forecast of economists surveyed by Bloomberg puts 2020 inflation at 4.6%.