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Inflation slowed sharply in April – State Statistics Service

Last month, eggs dropped by nearly 10%, and prices for several other products also dropped.

In April, consumer price growth in Ukraine reached only 0.2% compared to 1.5% in March, 0.7% in February and 0.8% in January. Since the beginning of the year, prices have increased by 3.2%, according to the State Statistics Service (Gosstat) on Wednesday, May 10.

Consumer prices in the country in April 2023 increased by 17.9% compared to April last year, which is lower than the annual inflation of the previous month (21.3%).

In the consumer market in April, prices for food and non-alcoholic beverages rose 0.4%. The price of pork increased the most (by 7.4%). Prices for beef, poultry, fermented milk products, soft drinks, fish and fish, bread, and vegetables increased by 1.8-0.3%.

At the same time, prices for eggs decreased by 8.7%, prices for cereal products, sunflower oil, fruit, rice, milk, and sugar decreased by 1.9-0.3%.

Prices for alcoholic beverages and tobacco products rose 1.0%, incl. for tobacco products – by 1.3%, alcoholic beverages – by 0.8%.

The 1.0% increase in prices in the health care sector was mainly due to a 1.2% increase in the cost of pharmaceutical products.

Transportation prices decreased by 0.7% due to a 2.4% reduction in the cost of gasoline and lubricating oil. At the same time, rail passenger transportation fares increased by 0.8%.

If we take on an annual basis, food prices increased by 21.7%. Eggs increased in price above all – by 129.3% and vegetables – 27.9%.

Prices for alcoholic beverages and tobacco products increased by 17.6%, clothing and shoes by 3.5%.

Housing, water, electricity, gas and other fuels increased by 4.0%.

Household goods and household appliances increased by 20.1%, health care by 12.1%, transportation – by 23.6% (including fuel – by 24.2%), communication prices increased by 11.1%, for entertainment and culture – by 11.5%, for education – by 9.6%, the price of restaurants and hotels increased by 21.9%, various goods and services – by 18.1%.

Recall that at the end of March, the National Bank announced that inflation began to decline earlier and faster than expected.

And at the end of April, the NBU was revised for better forecasts for inflation, GDP and international reserves of Ukraine.

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Source: korrespondent

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