The growth of consumer prices in Ukraine in July 2022 due to seasonal factors slowed down to 0.7% from 3.1% in June and 2.7% in May, returning to the level of the end of last year, the State Statistics Service reported (Gosstat) on Wednesday.
In July last year, inflation was 0.1%, so in annual terms, in July this year, it rose to 22.2% from 21.5% in June and 18% in May.
Core inflation over the past month also fell to 1.2% from 1.6% in June and 1.4% in May. However, taking into account the core deflation of 0.1% in July 2021 in annual terms, it increased to 16.7% from 14.9% in June and 13.7% in May.
Since the beginning of this year, for the first seven months, inflation in Ukraine amounted to 18.2%, and the base – 12.7%, said the State Statistics Service.
In the consumer market in July, prices for food and non-alcoholic beverages rose by 0.8%. Most of all (by 8.7%) the price of eggs rose. Prices for processed cereals, rice, pork, lard, fish and fish products, non-alcoholic drinks, bread and butter increased by 5.1-1.1%. At the same time, prices for fruits, beef and vegetables fell by 5.4–1.9%.
Prices for alcoholic beverages and tobacco products increased by 1.3%, incl. for tobacco products – by 1.8%, alcoholic beverages – by 0.8%.
Clothing and footwear fell in price by 3.5%, including footwear – by 3.8%, clothing – by 3.2%.
Transportation prices decreased by 0.3% mainly due to cheaper fuel and lubricating oils by 4.4%. At the same time, the cost of travel in road passenger transport increased by 2.9%.
In the field of communications, prices increased by 2.1%, which is associated with an increase in the cost of mobile communications by 4.1% and postal services by 2.6%.
As reported, in 2021 inflation in Ukraine rose to 10% from 5% in 2020 and 4.1% in 2019, while core inflation rose to 7.9% against 4.5% a year earlier.
The NBU predicts that inflation will accelerate to 31% this year, including up to 25.6% in the third quarter.
