Page 34 - UKRRptNov23

Also, optimism regarding production and exports decreased: the share of enterprises that plan to increase production in the next three to four months fell from 47.6% to 41.7%, and the share of businesses reporting an increase in exports also decreased from 26.1% to 23.9%.
4.2 Inflation
Inflation in Ukraine fell to 7%, and Ukrainians’ income increased.
Consumer inflation in Ukraine slowed to 8.6% in August thanks to a larger than expected supply of new-harvest vegetables and fruits.
According to the NBU's estimates, the slowdown in inflation will also continue in September, according to their October Macroeconomic and Monetary Survey.
The bank experts do not provide figures for September’s inflation, but according to the published schedule, inflation slowed to approximately 7%.
4.2.1 CPI dynamics
The annual inflation rate in Ukraine decelerated to 5.3% in October 2023
from 7.1% in the previous month, marking the lowest level since December 2020. Consumer prices grew at a softer pace for almost all categories, with the most significant impact seen in restaurants & hotels (15.4% vs 16.9%), miscellaneous goods & services (12.4% vs 13.5%), housing & utilities (13.1% vs 13.2%), and alcoholic beverages & tobacco (11% vs 11.6%). Additionally, the cost of footwear and clothing continued to fall (-4.2% vs -3%). On the other hand, transportation inflation accelerated (6.8% vs 6%). On a monthly basis, consumer prices rose by 0.8%, following a 0.5% increase in September.
34 UKRAINE Country Report November 2023 www.intellinews.com