In annual terms, inflation in Ukraine slowed down from 26.6 to 26%.
In January 2022, consumer price growth in Ukraine accelerated to 0.8% from 0.7% in December and November. This is stated in the message of the State Statistics Service.
This is still significantly below October’s 2.5% and September’s 1.9%. In addition, in January of last year, inflation was recorded at 1.3%, so in annual terms, according to the results of January-2023, it decreased to 26% from 26.6%.
Core inflation eased to 0.7% last month, compared with 0.8% in December, 1.3% in November, 1.9% in October and 2.4% in September.
Taking into account the fact that in January of last year the core inflation was only 0.1%, in annual terms it increased from 22.6% to 23.3%.
On the consumer market, prices for food and non-alcoholic beverages increased by 1.4% in January.
The prices of vegetables and fruits increased the most — by 6.4% and 4.4%, respectively. Prices for eggs, milk, soft drinks, bread, oil, meat and meat products, cheese, and oil increased by 2-0.5%. By 3.3-0.2%, the prices of processed grain products, rice, lard, and sugar fell.
Prices for alcoholic beverages and tobacco products increased by 0.8%, including tobacco products by 1.2%, alcoholic beverages by 0.5%.
Clothing and footwear fell in price by 5.1%, in particular, clothing — by 5.9%, footwear — by 4.2%.
The increase in prices in the health care sector by 1.2% occurred primarily due to the increase in the price of outpatient services by 2.5% and hospital services by 2.3%.
Prices for transport decreased by 0.1% due to a 2% decrease in the price of fuel and lubricants; fares in railway passenger transport rose by 3.2%
According to the NBU’s latest forecast, inflation will slow down to 18.7% in 2023, and real GDP will grow only marginally by 0.3%.
