Ukraine registers CPI deflation of 0.1% in October.

By bne IntelliNews November 6, 2013

The CPI deflation in Ukraine has slowed down to 0.1% y/y in October compared to 0.5% y/y deflation seen in September, the State Statistics Service has announced. In m/m terms, consumer prices rose by 0.4%. Deflation of 0.2% was observed over the Jan-to-Oct.

Prices rose by 0.6% m/m for foods and soft drinks in October. The most significant increase was registered in prices for eggs and vegetables by 11.5% m/m and 7.2% m/m respectively. Prices for milk , butter, lard , milk products , cheese , sour cream , sugar grew by 2.2%-0.5% m/m. At the same time, fruit, sunflower oil, refined cereals, rice, pasta, meat and meat products, fish and fish products declined in price by 2.3%-0.2%.  Prices for alcoholic beverages and tobacco increased by 0.5 % m/m.

In health care sector, prices rose by 0.4 % m/m, including hospital services-by 0.5 % m/m, pharmaceutical products - by 0.4 %, out-patient services - by 0.2 % The growth of prices (tariffs) for housing, water, electricity, gas and other fuels by 0.1 %, was primarily due to higher prices of liquefied petroleum gas (2.4%).

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 Q1 H1 August Jan-Aug Sep Jan-Sep Oct Jan-Oct
Consumer price indices -0.2 -0.5 -0.5 -0.4 -0.4 -0.5 -0.4 -0.1 -0.4
Food and non-alcoholic beverages -2.2 -2.7 -2.5 -2.6 -2.4 -2.6 -2.4 -1.8 -2.4
Food -2.7 -3.2 -2.9 -2.8 -2.8 -2.8 -2.8 -2.0 -2.7
Bread 3.3 4.0 4.3 4.3 4.3 4.2 4.3 4.1 4.3
Meat 0.9 0.0 -1.1 -2.4 -1.4 -2.3 -1.5 -2.5 -1.6
Fish -2.4 -3.4 -3.9 -4.3 -4.0 -4.4 -4.0 -3.7 -4.0
Milk, cheese and eggs -5.5 -5.5 -4.4 2.8 -2.9 3.7 -2.2 5.8 -1.4
Oil and fats -0.4 -0.4 0.0 0.3 0.1 -0.3 0.1 -0.9 0.0
Fruit -4.2 -7.0 -8.1 -16.1 -9.5 -16.9 -10.2 -18.6 -11.0
Vegetables -20.4 -21.1 -16.5 -15.2 -15.3 -13.3 -15.1 -2.1 -14.1
Sugar -16.6 -16.9 -14.4 -7.2 -11.9 -9.2 -11.6 -6.6 -11.1
Alcoholic beverages, tobacco 6.7 6.9 7.3 9.3 7.7 9.6 7.9 9.7 8.1
Clothing and footwear -2.4 -2.5 -2.6 -3.3 -2.7 -3.5 -2.8 -3.5 -2.9
Housing, water, electricity, gas and other fuels 0.6 0.2 0.3 0.3 0.3 0.2 0.3 0.2 0.3
Transport 3.6 3.3 2.0 2.3 2.1 2.0 2.1 2.0 2.1
Purchase of vehicles -0.3 -0.1 -0.2 0.2 -0.1 1.2 0.0 2.0 0.2
Fuels and lubricants 6.4 5.4 1.7 0.3 1.3 -1.0 1.1 -1.9 0.8
Passenger transport by railway 0.9 2.7 3.0 8.4 3.9 7.7 4.3 13.5 5.2
Passenger transport by road 3.3 3.1 3.2 4.1 3.4 4.3 3.5 4.7 3.6
Communication 1.3 1.3 1.7 0.9 1.5 0.9 1.4 0.7 1.3
Education 4.1 3.9 3.9 3.9 3.9 2.4 3.7 2.3 3.6
Miscellaneous goods and services 2.4 2.2 2.0 1.9 2.0 2.0 2.0 1.9 2.0
Source: State Statistics Service                  

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