Business news from Ukraine

PRICES OF INDUSTRIAL PRODUCERS IN UKRAINE GROW BY 17.6% IN JANUARY

11 February , 2021  

Prices in Ukrainian industry in January 2021 compared to January 2020 grew by 17.6%, the State Statistics Service said on Wednesday.

As previously reported by the authority, in 2020 the growth of industrial producer prices was 14.5%, in 2019 it was 7.4%, in 2018 – 14.2%, in 2017 – 16.5%, in 2016 – 35.7%, and in 2015 – 25.4%.

Within Ukraine, industrial producer prices in January 2021 to January 2020 increased by 11.2%, as for deliveries outside the country – by 46.2%.

Prices in Ukrainian industry in January compared to the previous month (December 2020) grew by 5.2%, while in December last year – by 1.8%, in November by 2%, in October – by 3.8%, and September – by 1.7%.

Prices in the mining industry in January 2021 to January 2020 rose by 38.4%, due to growth in prices in the extraction of metal ores – by 64.9%, oil and gas – by 24.6% and in the production of coal – by 1.2%.

In the manufacturing industry, prices rose by 19.8%. In the production of sugar, they grew by 63.6%, bread and bakery products – by 10.2%, dairy products – by 7.9%, meat products – by 4.1% and beverages – by 4.2%.

Moreover, in metallurgy in January 2021 to January 2020 prices rose by 34.6%, the production of intermediate goods – by 30.2%, in chemical production – by 29.4%, the production of short-term goods – by 22, 4%, production of durable goods – by 12.6%, woodworking – by 11.3%, in pharmaceutical production – by 11.4% and mechanical engineering – by 3.2%.

In the supply of electricity, gas and air conditioning prices rose by 2.3%, in the production of coke and refined products they grew by 3.8%.