Business news from Ukraine

DEFLATION IN UKRAINE COMES TO 0.7% IN JULY – STATISTICS

11 August , 2018  

Consumer prices in Ukraine fell by 0.7% in July, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.
According to the agency, in annual terms (July 2018 to July 2017) inflation slowed down to 8.9% from 9.9% in June and 11.7% in May.
Underlying inflation in July 2018 also fell to minus 0.1% from zero in June.
Since the beginning of the year, the growth of the basic consumer price index stood at 3.4%. In annual terms, the growth of the index slowed to 8.8% from 9% in June.
According to the agency, in July prices for food and non-alcoholic beverages decreased by 1.9% compared to June 2018, those of vegetables, fruits and eggs fell by 12.4-7.6%, while prices of milk and dairy products, lard, butter, pork were down by 1.1-0.2%.
At the same time, prices for sugar, cereals, bread, rice, poultry, pasta, fish and fish products went up by 1.9-0.7%.
Prices for alcoholic drinks and tobacco products increased by 1.8%, in particular for tobacco products by 2.6%, alcoholic drinks by 0.8%.
The growth of tariffs for housing, water, electricity, gas and other fuels by 0.5% occurred mainly due to the increase in tariffs for the maintenance of houses and adjacent areas by 4.2%, sewerage by 2.8%, water supply by 2.2%.
The increase in prices for transport as a whole by 0.7% was mainly due to a rise in fare in road passenger transport by 3.6%. At the same time, the cost of fuel and oil fell by 0.3%.