Business news from Ukraine

INDUSTRIAL PRICES IN UKRAINE 2% UP IN JULY – STATISTICS

10 August , 2015  

KYIV. Aug 10 (Interfax-Ukraine) – Industrial prices in Ukraine in July 2015 increased by 2% compared to 0.6% in June, the State Statistics Service has reported.

At the same time, in annual terms (compared to the same month last year) the rise in wholesale prices continued to slow down: to 37% from 37.9% in June, 42% in May, and 48.6% in April.

In general, over the first seven months of 2015 industrial prices increased by 25.9%.

As reported, the rise in Ukrainian industrial prices in 2014 accelerated to 31.8% from 1.7% in 2013 and 0.3% in 2012.

The service said the price of goods in mining and quarrying in July increased by 1.6%, particularly extraction of metal ores by 4.6%, stone, sand and clay by 2.8%. At the same time, prices for crude oil production were down by 1.4%.

Prices in processing industry rose by 0.2%, in particular in manufacture of electrical equipment, machinery by 0.9%, rubber and plastic products, other non-metallic mineral products by 0.7%, basic pharmaceuticals by 0.5%.

However, prices in manufacture of coke, chemicals, iron and steel, finished metal products, except for machinery and equipment declined by 0.9-0.5%.

Prices in production of food, beverages and tobacco rose by 0.6%. In particular prices in beverage industry increased by 3.5%, meat production by 2.2%, sugar by 1.8%, dairy products by 1.6%, bread, bakery and pastry products by 0.5%. At the same time, prices in production of cereals declined by 3.2%, fruit and vegetables processing and canning by 1.2%, oil and animal fat by 0.6%.

Tariffs in supply of electricity, gas and conditioned air grew by 7.0% due to the rise in the price of electricity by 7.8%.