Page 23 - UKRRptNov18

4.2 Inflation
Prices 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F
CPI headline (%YoY, 16.6 22.3 12.3 9.1 4.6 -0.2 0.5 24.9 43.3 12.4 13.7 9.4 eop)
CPI headline (%YoY, 12.8 25.3 16 9.4 8 0.6 -0.3 12.1 48.5 14.9 14.5 9.2 average)
PPI (%YoY, eop) 23.2 21.1 15.3 18.8 17.4 0.4 1.7 31.8 25.4 35.7 16.5 9
PPI (%YoY, 20.5 33.6 7.4 21.4 19.9 6 -0.1 17 36.5 20.4 27.2 10.6 average)
Source: ICU, CEIC
4.2.1 CPI dynamics
Ukraine’s consumer prices jumped 1.9% m/m in September, mostly owing to clothing and food, the State Statistics Service reported on Oct. 9. Annual inflation slowed down to 8.9% y/y from 9.0% y/y in August.
Clothing and footwear prices surged 8.6% m/m (after a 2.6% m/m decline in August), mostly due to the more expensive items in the colder autumn season. A 6.4% depreciation of the national currency during August-September also added to clothing price growth due to the high share of imports in this goods category.
Food prices grew 1.6% m/m (after a 0.6% m/m decline in August), mostly due to a seasonal increase in the prices for eggs (14.1% m/m), bread (3.3% y/y), meats (2.8% m/m), and milk (2.7% y/y). At the same time, prices for fruits and
23 UKRAINE Country Report November 2018 www.intellinews.com