According to the state statistics service, inflation in 2019 slowed down to 4.1%. This is only 0.1% above the lower range of the target corridor of the national Bank of Ukraine — 5% +/- 1 PP.
In December, consumer prices in Ukraine fell by 0.2% compared with November, from the beginning of the year grew by 4.1%. This is evidenced by the State statistics service.
Core inflation in December 2019 compared with November amounted to -0.3 percent for the year as a whole is 3.9%.
In the consumer market in December prices for food and non-alcoholic beverages remained unchanged in General. While 2,4-0,5% cheaper poultry meat, rice, sugar, fruits, sunflower oil, fish and pasta.
In the same time 1.7-0,3% have risen in price milk, sour cream, bacon, cheese, vegetables, eggs, butter, beef, bread. Prices of alcoholic beverages and tobacco increased by 0.8% due to price increase of tobacco products by 1.6%.
Clothing and footwear fell by 3.4%.In particular, apparel — 3.5% footwear — by 3.3%. The decline in prices (tariffs) for housing, water, electricity, gas and other fuels of 2.3% was mainly due to the decline in natural gas prices by 11.2%.
Prices for transport in General decreased by 0.8% due to the cheaper cars by 2.6% and fuel and lubricants by 1.2%
The last time such a low level of inflation was observed at the end of 2013. Then, consumer prices rose by only 0.5%.
In early December, the NBU said about the “strong disinflationary trend”, and predicted lower inflation for the year to 6% compared to 9.8 percent in 2018 and 13.7% in 2017.
According to the calculations of the NBU, inflation by the end of 2019 was down to 6.3%, and by the beginning of 2020 to enter the target range (5% ± 1 p. p.) and reach the medium-term objective of 5% at the end of 2020.
In November, consumer prices in Ukraine rose by 0.1% compared with October, November prices in Ukraine grew by 0.7%, same as in September. In September, after three months of deflation in Ukraine returned to the inflation. In August, consumer prices fell by 0.3% compared with July. In June this year, the state statistics Committee fixed deflation: prices compared to may decreased by 0.5%.
Ukraine dropped out of the top 20 countries with the highest inflation. Then in July, consumer prices decreased 0.6%.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my email@example.com 1-800-268-7128