Ukraine’s inflation rate slows to 9.8%

by UNIAN Staff
January 10, 2019
This article originally appeared in UNIAN

Prices of vegetables grew by 27.8% / Photo from UNIAN

Despite rising prices in many sectors, the overall national inflation rate is experiencing a much-needed slow-down.

Ukraine’s inflation rate in December 2018 (in annual terms compared to December 2017) steadied at 9.8%, slowing from 13.7% in December 2017 year-over-year. Prices in December 2018 from November 2018 rose by 0.8% after an increase by 1.4% in November 2018 compared to October 2018, the State Statistics Service of Ukraine said.

The highest increase in annual terms was recorded in tariffs on passenger transportation by road (by 30.3%), in prices of vegetables (by 27.8%), tariffs on the maintenance of residential houses and nearby area (by 23.7%), prices of natural gas (by 22.9%) and those of bread (by 21.5%).

The prices of the following products declined in annual terms: those of fruits by 17%, eggs by 9.5%, sugar by 9.3%.

Core inflation in Ukraine in December 2018 was 8.7% in annual terms and 0.6% compared to the previous month.

The State Statistics Service says that the report excludes data from Russian-occupied Crimea with Sevastopol, as well as occupied areas in Donetsk and Luhansk regions.

As UNIAN reported, inflation in December 2017 accelerated to 13.7% compared to December 2016 from 12.4% in December 2016 compared to December 2015.