Page 25 - UKRRptFeb21

Prices in extracting industry in December 2020 (compared to December 2019) increased by 29.5%, due to an increase in prices in the extraction of metal ores by 44.6%, oil and gas by 28.6%, and in production of coal they decreased by 7.3%.
In processing industry, prices rose by 15.7%. In sugar production they grew by 59.6%, production of bread and bakery products by 9.9%, meat products by 2.9%, dairy products by 6.5%, beverages by 2.6%.
In addition, prices in metallurgy in December 2020 from December 2019 rose by 25.2%, in production of intermediate consumption goods by 21.9%, in chemical industry by 20.9%, in production of non-durable goods by 18.7%, woodworking by 10.5%, pharmaceutical production by 10.4%, mechanical engineering by 2.1%.
In the supply of electricity, gas and conditioned air, prices increased by 3.9%, in production of coke by 1.8%.
4.2​ Inflation
The NBU revised its forecast of consumer inflation to 7.0% from 6.5% YTD in 2021​ at its policy meeting in January. The inflation will accelerate in 1H21 due to high consumer demand, increased prices for energy resources and the lower crop of 2020. In addition, the growth of administratively regulated prices will remain strong due to hiked excise duties for alcohol and tobacco and higher prices for energy resources.
Ukraine’s consumer prices grew 5% in 2020​, inside the government’s inflation target range and slightly higher than in 2019, the State Statistics Service reported on January 11. Previous annual inflation rates were: 2019 – 4.1%; 2018 - 9.8%; 2017 - 13.7%; 2016 - 12.4%; 2015 - 43.3%. Oleksiy Blinov,
25​ UKRAINE Country Report​ February 2021 ​ ​www.intellinews.com