Page 15 - UKRRptMar20

4.2​ Inflation 4.2.1​ CPI dynamics
Ukraine’s consumer prices rose 0.2% m/m in January ​owing mostly to growing prices for food, housing and utilities, and alcohol and tobacco, the State Statistics Service reported on February 10. Annual inflation slowed to 3.2% y/y in January from 4.1% y/y in December.
Food prices rose 0.5% m/m in January (after staying flat in December), driven mostly by vegetables (6.6% m/m), bread (0.4% m/m), and milk (0.4% m/m). At the same time, prices for eggs declined 1.5% m/m and sugar fell 1.1% m/m. In addition, prices for alcohol and tobacco advanced 0.8% m/m.
Prices for housing and utilities climbed 1.7% (vs. a 2.3% m/m drop in December) due to natural gas prices rising 10.7% m/m.
At the same time, prices for clothing and footwear declined 5.6% m/m (after a 3.4% m/m drop in December). On top of that, transportation prices slid 0.7% m/m due to a 4.0% m/m fall in prices for gasoline and a 1.5% price decline for railroad services.
Core inflation (the consumer basket excluding goods and services with the most volatile prices) decreased 0.2% m/m in January (vs. a 0.3% m/m slide in December).
Annual core inflation slowed to 3.3% y/y from 3.9% y/y in December.
15​ UKRAINE Country Report​ March 2020 ​ ​www.intellinews.com