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Annual inflation has slowed down in Ukraine – State Statistics Service

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In the September consumer market, prices for food and non-alcoholic beverages fell by 0.5%.

At the end of September, consumer prices in Ukraine rose 0.5% after falling 1.4% in August and 0.6% in July. At the same time, annual inflation slowed to its lowest level since January 2021, the State Statistics Service reported on Monday, October 9.

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Thus, in September 2022, inflation was recorded at 1.9%, so in annual terms at the end of September 2023 it decreased to 7.1% from 8.6% at the end of August and 11.3% at the end of July.

In September, the State Statistics Service recorded core inflation at 0.9% after two months remaining at zero.

Considering that in September 2022 core inflation was 2.4%, in annual terms at the end of September 2023 it decreased to 8.4% from 10.0% at the end of August and 12.3% at the end of July.

Since the beginning of this year, inflation in Ukraine has reached 3.0%, and core inflation – 4.1%.

In the September consumer market, prices for food and non-alcoholic beverages fell by 0.5%. Vegetables fell in price the most (by 9.7%). Prices for fruits, processed grains, rice, sunflower oil, fish and fish decreased by 5.1-0.4%.

At the same time, prices for eggs increased by 12.3%, prices for butter, sugar, meat and meat products, oil, bread, and milk increased by 1.3-0.5%.

Prices for alcoholic beverages and tobacco products increased by 0.7%, linked to a 1.4% increase in the price of tobacco products.

Clothes and shoes increased in price by 7.8%, including shoes – by 8.2%, clothing – by 7.6%.

Transportation prices increased by 2.2%, mainly due to a 4.9% increase in prices for gasoline and lubricating oil. At the same time, rail passenger transportation fares decreased by 3.2%.

Educational services increased in price by 9.9%, especially secondary – by 13.9%, higher – by 11.5%, pre-school – by 5.4%.

Earlier, the National Bank upgraded its forecasts for inflation and GDP, taking into account the recovery in the manufacturing and services sectors.

And according to the Ministry of Economy, real GDP growth in 2023 could reach up to 5%, however, taking into account the existing risks, the government keeps the forecast at 2.8%.

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Source: korrespondent

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