Annual consumer prices in Ukraine stable in July.

By bne IntelliNews August 6, 2013

In Ukraine, in annual terms, consumer prices remained stable at zero in July, compared to deflation of 0.1% in June, the State Statistics Service has announced. In m/m terms, consumer prices in July fell by 0.1%.

The service said that prices of foodstuff and soft drinks fell by 0.3% m/m. The largest fall of 6.9-2.2% was registered for the prices of vegetables and fruits. The price of pork fat, grain products, milk, macaroni, sunflower oil, beef, fish and fish products, margarine were down by 1.2-0.1%. The price of eggs and sugar rose by 10.4% and 4.9% respectively. The prices of rice, butter, poultry, pork, fermented milk products, cheese and bread rose by 0.1-1.8%. The prices of alcohol and tobacco grew by 0.9%, which is linked to an increase in the price of tobacco by 1.3%.

Prices in the healthcare sector rose by 0.2%, mainly due to a seasonal increase in the price of resort services of 2.6%. The growth in transport tariffs of 0.3% is linked to the increase in the cost of transportation by rail and by road by 3.5% and 0.4% respectively. The prices of fuel and lubricants fell by 0.2%. Prices in the education area rose by 0.2% due to the increase in the fees of preschool and elementary education institutions.

Since the start of the year, consumer prices rose by 0.1% y/y. In Jan-Jul, prices fell by 0.4% y/y.  Deflation of 0.2% was observed in 2012; inflation of 4.6% in 2011 and 9.1% in 2010. The government forecasts inflation rate at 4.8% for 2013.

CPI % y/y January March Q1 April May June H1 July Jan-Jul
Consumer price indices -0.2 -0.8 -0.5 -0.8 -0.4 -0.1 -0.5 0 -0.4
Food and non-alcoholic beverages -2.2 -3.2 -2.7 -3.1 -2.3 -1.8 -2.5 -1.6 -2.4
Food -2.7 -3.6 -3.2 -3.5 -2.6 -2 -2.9 -1.8 -2.8
Bread 3.3 4.5 4.0 4.6 1.5 4.6 4.3 4.6 4.4
Meat 0.9 -0.9 0.0 -2.2 -2 -2.5 -1.1 -2.5 -1.3
Fish -2.4 -4.3 -3.4 -4.3 -4.3 -4.4 -3.9 -4.3 -3.9
Milk, cheese and eggs -5.5 -6.0 -5.5 -6.3 -2.6 -0.3 -4.4 1.2 -3.6
Oil and fats -0.4 -0.2 -0.4 0.2 0.6 0.5 0 0.6 0.1
Fruit -4.2 -7.9 -7.0 -7.1 -9.1 -11 -8.1 -11.5 -8.6
Vegetables -20.4 -21.7 -21.1 -16.6 -11.6 -6.4 -16.5 -7.6 -15.3
Sugar -16.6 -17.5 -16.9 -16.4 -12.9 -5.8 -14.4 -1.3 -12.6
Alcoholic beverages, tobacco 6.7 7.5 6.9 7.6 7.5 7.8 7.3 8.4 7.5
Clothing and footwear -2.4 -2.6 -2.5 -2.7 -2.8 -2.8 -2.6 -3 -2.7
Housing, water, electricity, gas and other fuels 0.6 -0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3
Transport 3.6 2.7 3.3 0.7 0.3 1.4 2 2 2
Purchase of vehicles -0.3 0.0 -0.1 -0.3 -0.2 -0.1 -0.2 0 -0.1
Fuels and lubricants 6.4 3.8 5.4 -1.5 -3 -0.9 1.7 0.3 1.5
Passenger transport by railway 0.9 5.7 2.7 3.3 3.1 3.3 3 4.4 3.2
Passenger transport by road 3.3 2.5 3.1 2.8 3.2 3.9 3.2 4.1 3.3
Communication 1.3 1.3 1.3 1.4 2.3 2.4 1.7 0.9 1.5
Education 4.1 3.8 3.9 3.7 3.7 4 3.9 4 3.9
Miscellaneous goods and services 2.4 2.0 2.2 2.2 1.8 1.8 2 1.8 2
Source: State Statistics Service                  

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