Home
/
News
/

Consumer prices flat yoy in August

Consumer prices flat yoy in August

7 September 2012

Ukraine’s consumer prices declined 0.3% mom and stayed flat yoy in August, according to UkrStat yesterday. Food prices still remained on the downward trend last month (-0.6% mom and -3.3% yoy) thanks to favorable changes in prices for fruits and vegetables. Prices for non-food items remained little changed in yoy terms, with the exception of transportation and educational services, which added 5.1% yoy and 5.2%, respectively.

Vitaliy Vavryshchuk: August ended a three-month period of disinflation in Ukraine, which largely came on a bumper harvest of fruits and vegetables (jointly accounting for 8.6% of the consumer basket). Consumer prices are set to pick up through end-2012, given that the grain harvest is estimated to be about 20% yoy lower. On the demand side, inflationary pressures will remain limited  – household incomes are set to decelerate due to the slowing economy and lack of bank lending. We maintain our end-2021 CPI projection of 5.9% yoy.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...