CPI inflation in Ukraine accelerates to 0.2% y/y in November.

By bne IntelliNews December 8, 2013

In November, the CPI inflation in Ukraine accelerated to 0.2% y/y compared with 0.1% y/y deflation seen in October, the State Statistics Service has announced. In m/m terms, the CPI inflation slowed down to 0.2% from 0.4% seen in October. Since the beginning of this year, the CPI has remained unchanged.

The prices for food and non-alcoholic beverages on the consumer market in November rose by 0.2% m/m. The largest increase (5.5% and 4.3%) was registered in prices for sugar and eggs. The prices of milk, butter, sour cream, cheese, dairy products, and cereals grew by 2.7-0.5% m/m.

At the same time, prices of sunflower oil and fruit contracted by 2.4% and 1.8%, and those of meat and meat products, fish, rice, pasta, vegetables – 0.6-0.1%.

The rise in prices for alcoholic beverages and tobacco products last month of 0.8% was due to the rise in the price of tobacco products by 1.2%.

The rise in prices in health care was 0.2% m/m and in education - 0.1% m/m. The transport services prices contracted by 0.2% m/m due to the reduction in the cost of fuel and lubricants by 0.7%, as well as reduced fares for passenger transportation by rail by 0.1%.

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.

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