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Over the year, inflation in Ukraine reached 12% – State Statistics Service

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Food products and non-alcoholic drinks increased in price in December – prices increased by 1.8%.

Consumer prices in Ukraine in December 2024 increased by 1.4% compared to November, and for the whole year inflation reached 12%. This was reported by the State Statistics Service.

Core inflation accelerated to 1.3% in December, reaching 10.7% for the year as a whole.

In the consumer market in December, prices for food products and non-alcoholic beverages increased by 1.8%. Prices for oil, sunflower oil, milk and dairy products, vegetables, processed grain products, bread, beef, fish, pasta and pork increased the most – from 1.0% to 5.2 %. At the same time, the price of eggs decreased by 1.5%.

Alcoholic beverages and tobacco products increased in price by 2.0%, with prices of tobacco products increasing by 2.7% and alcoholic beverages by 1.2%.

Prices for clothing and shoes fell by 3.9% in December, with shoes falling in price by 4.0% and clothing by 3.9%.

In the health care sector, there was an increase in prices by 1.6%, resulting in an increase in prices for pharmaceutical products by 1.8% and outpatient services by 1.6%.

In the transport sector, prices increased by 0.5%, mainly due to a 2.1% increase in the cost of road passenger transport.

We remind you that at the end of November, consumer prices in Ukraine increased by 1.9%. Annual inflation has accelerated and exceeded the psychological threshold of 10%.

Earlier in October, the NBU worsened the inflation forecast for 2024 and 2025 for the worse: by 1.2 and 0.3 percentage points (pp), respectively, to 9.7% and 6.9%. Only in 2026 can the inflation rate be brought to 5%.

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Source: korrespondent

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