Business news from Ukraine

GROWTH OF INDUSTRIAL PRICES IN UKRAINE SLOWS DOWN TO 0.3% IN MARCH

Prices in the industry of Ukraine in March 2018 increased by 0.3%, while in February their growth was 1.2%, in January 4.4%, the State Statistics Service has reported.
In annual terms, in March this year the growth of producers’ prices slowed to 15.9% from 19.6% in February and 22% in January.
The main reason is the sharp decline in prices of metal ores (10.7% down).
Since early 2018, industrial prices in Ukraine grew by 5.9%.
Prices in mining and quarrying in March fell by 4.8%, in particular in mining of metal ores by 10.7%, crude oil and natural gas by 1.1%.
In processing industry prices went up by 0.2%, in particular, in production of rubber and plastic goods, other non-metal mineral goods – by 1.8%, bread production and beverages by 1.6%, vehicle, trailers and semitrailers, other vehicles production, production of PCs, electronic and optic goods – by 1.6%, production of key pharmaceutical products and medications – by 1.5%.
Prices in production of sugar fell by 7.5%, coke and petroleum products output – by 3.7% and in intra-branch consumption by 1.5%.
Tariffs in the supply of electricity, gas and air conditioning increased 3.1%.