RECENT STATISTICS ON INFLATION RATE IN UKRAINE
November 09, 2012
Consumer
prices in Ukraine in October remained at the same level as a month and a
year ago on average, the State Statistics Service reported on Tuesday.
The service said that inflation remained zero in annual terms for the third month in a row.
The statistics service said that since early 2012, consumer prices in Ukraine have fallen by 0.3%.
Food and non-alcoholic beverage prices in October fell by 0.2% compared
to September 2012. The highest fall was registered for vegetables
(5.1%). Prices of sugar, rice, grain processing products were down by
2.3-1.4%, and prices of fish, fruit, meat and meat products
decreased 0.9-0.1%. The prices of eggs, salo (pork fat) and margarine
grew by 4.4-1.6%, and the prices of milk, sour cream, cheese, sour milk,
bread, macaroni and sunflower oil were up by 0.8-0.2%.
Last month prices of alcohol and tobacco were 0.4% up, including a
rise of 0.5% in the prices of tobacco and a 0.3% rise in the prices of
alcohol. Housing tariffs, water, electricity, gas tariffs and tariffs
for other types of fuel in October grew by 0.1% compared to September.
Transport tariffs grew by 0.2%, which was mainly due to the increase in
fuel and fuel oil by 0.9%. The cost of transportation by rail fell by
4.5%.
The
increase in the prices in education by 0.1% is linked to the rise in
fees for education in high schools by 1.2%. Fees for kindergartens fell
by 0.1%.
In October prices of travel services, phone equipment,
audio, photo equipment and equipment for processing information fell by
0.8-0.3%. As reported, in 2011, inflation in 2011 slowed to 4.6% from
9.1% in 2010, hitting a record low since the country gained independence
in 1991. The previous best record was posted for 2011 at 6.1%, while
0.6% deflation was posted for 2002.
Since May 2012 the 0.2-0.3% deflation was seen in the country, while in September it was replaced by 0.1% inflation.
UINVESTOR PERSPECTIVE
When investing in businesses in Ukraine, it is important to know
general trends and be informed about statistics in various sectors of
the economy. This blog article paints a clear picture of current
situation regarding consumer prices and uinvestors may want to bookmark
this information for future reference when making business investment
decisions.
SOURCE:
http://www.interfax.com.ua/eng/eco/126053/
