Page 17 - UKRRptJan21

Consumer prices grew 1.3% m/m in November compared to a 1.0% m/m increase in October.
Food prices advanced 1.4% m/m in November (after increasing 1.1% m/m in October). In particular, prices jumped for eggs (6.4% m/m), vegetables (9.4% m/m), and sugar (7.7%). At the same time, prices for fruits declined 5.1% m/m.
Prices for housing surged 8.0% m/m compared to a 4.4% m/m increase in October due to a leap in natural gas prices by 26.7% m/m. Prices for transportation climbed another 0.9% m/m, being driven by increasing prices for fuel.
At the same time, prices for clothing and footwear dropped 2.5% m/m (after increasing 2.0% m/m in October).
“A leap in natural gas prices for households contributed significantly to the consumer basket in November. Ongoing consumer demand will merely fuel consumer inflation even further, causing it to land at 4.8% YTD in 2020. In 2021, it will speed up to 6.1% YTD,” an analyst at the Kyiv-based Concorde Capital brokerage, said in a research note.
17​ UKRAINE Country Report​ January 2021 ​ ​www.intellinews.com