Page 18 - UKRRptDec21

4.2 Inflation 4.2.1 CPI dynamics
Annual inflation in Ukraine slowed to 10.9% y/y in October from 11.0% in the previous month, driven mostly by a government imposed decline of electricity tariffs, State Statistics Service reported on Nov. 9. Ukraine’s consumer prices increased 0.9% m/m in October after growing 1.2% m/m in September.
Food prices increased 1.1% m/m in October (the same increase as in September). In particular, prices for vegetables jumped 10.6% m/m, bread prices increased 2.4% m/m, prices for milk and butter increased 1.9% m/m. At the same time, prices for fruits dropped 6.6% m/m, prices of sunflower oil declined 1.6% m/m, sugar prices slid 3.1% m/m. Prices for alcohol and tobacco increased 0.6% m/m.
Prices for clothing and footwear increased 1.2% m/m (after jumping 7.9% m/m in September). In addition, prices for transportation picked up 1.1% (after sliding 0.1% m/m in September) driven by higher prices for gasoline and lubricants and increased fares for passenger automobile transportation.
At the same time, prices for housing and utility services declined 0.9% m/m (vs. 0.6% m/m growth as in September), as electricity prices declined 7.4% m/m. Meanwhile prices for natural gas increased 3.2% m/m, and prices for housing maintenance increased 1.6% m/m.
18 UKRAINE Country Report December 2021 www.intellinews.com