Ukraine registers deflation of 0.2% y/y in 2012.

By bne IntelliNews January 9, 2013
Consumer prices in Ukraine grew by 0.2% m/m in December 2012, the State Statistics Service has reported. According to the service, in annual terms in 2012 deflation of 0.2% was registered in the country for the first time in 10 years. Prices for food and non-alcoholic beverages on the consumer market in December 2012 rose by 0.1%. The largest growth (by 4.7% and 3.7%) was reported in prices for vegetables and eggs. Prices for milk, sour cream, margarine, cheese, bread and dairy products rose by 1.2-0.5%. At the same time, sugar significantly fell in price (by 4.6%). Prices for rice, fruits, processed cereals, fish and fish products fell by 1.2-0.7%, whereas prices for pasta, meat and butter shrank by 0.3-0.1%. Alcoholic beverages and tobacco products rose in price by 0.7%, including a 0.9% rise in alcohol prices and a 0.5% increase in prices for tobacco products. Prices (tariffs) for housing, water, electricity, gas and other fuels rose by 0.2%. The cost of transportation by passenger rail and road transport rose by 0.5% and 0.2% respectively. At the same time, there was a decline in prices for air transportation (by 0.8%) and fuel and lubricants (by 0.2%). Products in the mining industry fell in price by 0.6%. In the processing industry the price index in December 2012 remained unchanged. Prices in the production of food and beverages rose by 0.4%. In the production of flour and cereal products, processing and canning of fruits and vegetables prices grew by 1.4%, in the production of fish products by 1.1%, beverages, bread and bakery products by 0.7%, and dairy products by 0.4%. At the same time, prices in sugar production fell by 1.9%. In the production and distribution of electricity, gas and water there was a decline in tariffs by 6.1% due to a fall in electricity tariffs by 6.7%.

Ukraine registers deflation of 0.2% y/y in 2012.

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