Business news from Ukraine

INFLATION IN UKRAINE IN JUNE AMOUNTS TO 3.1%, IN ANNUAL TERMS 21.5%

10 July , 2022  

The growth of consumer prices in Ukraine in June 2022 accelerated to 3.1% from 2.7% in May, returning to the level of April, the State Statistics Service (Gosstat) reported on Friday.
In June last year, inflation was 0.2%, so in annual terms, in June this year, it rose to 21.5% from 18% in May, 16.4% in April, 13.7% in March, 10.7% – in February and 10% – in January, the agency said.
Core inflation over the past month also increased to 1.6% from 1.4% in May, which, however, is less than 3% in April and 3.8% in March. However, taking into account 0.4% in May 2021 in annual terms, it increased to 14.9% from 13.7% in May, 13% in April, 10.5% in March, 8.2% – at the end of February and 7.6% – at the end of January.
Since the beginning of this year, for its first half of the year, inflation in Ukraine amounted to 17.4%, and the base – 11.4%, said the State Statistics Service.
In the consumer market in June, prices for food and non-alcoholic beverages increased by 3.2%. Eggs increased the most (by 17.2%). Prices for sugar, rice, cereal products, pork, vegetables, poultry meat increased by 10.9-4.2%. At the same time, prices for beef and fruits fell by 1.1%.
Prices for alcoholic beverages and tobacco products increased by 2.4%, including for alcoholic beverages – by 3.4%, tobacco products – by 1.4%.
Clothes and footwear fell in price by 1.4%, in particular, clothes – by 1.8%, shoes – by 0.9%.
Transportation prices rose by 11.2%, mainly due to a rise in the price of fuel and lubricating oils by 21.3%, as well as road and rail passenger transport by 7.4% and 4.5%, respectively.
In the field of communications, prices increased by 0.9%, which is associated with a rise in the cost of postal services and telephone equipment by 3.0%.
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.

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