Consumer prices in Ukraine rose by 0.5% in September 2023, after declining by 1.4% in August and 0.6% in July, the State Statistics Service (Ukrstat) reported on Monday.
At the same time, inflation was recorded at 1.9% in September-2022, so in annual terms in September-2023 it fell to 7.1% from 8.6% in August and 11.3% in July.
In September, the State Statistics Service recorded core inflation at 0.9% after two months of being at zero.
Given that core inflation stood at 2.4% in September 2022, it also fell to 8.4% year-on-year in September 2023 from 10.0% in August and 12.3% in July.
Since the beginning of this year, inflation in the country has been 3.0%, with core inflation at 4.1%, the State Statistics Service said.
In the consumer market in September, prices for food and non-alcoholic beverages decreased by 0.5%. Vegetables fell the most (by 9.7%). Prices for fruits, processed cereals, rice, sunflower oil, fish, and fish products fell by 5.1-0.4%. At the same time, eggs went up by 12.3%, and prices for butter, sugar, meat and meat products, lard, bread, and milk rose by 1.3-0.5%.
Prices for alcoholic beverages and tobacco products increased by 0.7%, which was due to a 1.4% rise in the price of tobacco products.
Clothing and footwear went up by 7.8%, with footwear rising by 8.2% and clothing by 7.6%.
Transportation prices increased by 2.2%, mainly due to a 4.9% rise in fuel and oil prices. At the same time, railroad passenger transportation fell by 3.2%.
Education services went up by 9.9%, namely secondary education by 13.9%, higher education by 11.5%, and preschool education by 5.4%.
As reported, at the end of July, the National Bank of Ukraine again improved its inflation forecast for this year from 14.8% to 10.6%, but last week announced plans to further revise it downward.
In 2022, inflation is expected to rise to 26.6% from 10% in 2021, and core inflation to 22.6% from 7.9%.
