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Inflation in Ukraine slows down to 1.2% in October
20:22, 8 November 2017
Inflation in Ukraine slows down to 1.2% in October

Since the beginning of the year, inflation has reached 11.5%

20:22, 8 November 2017

korrespondent.net

In Ukraine, consumer prices in October 2017 increased by 1.2%, according to the State Statistics Service.

In October, prices for food and non-alcoholic beverages increased by 1.1%. The most expensive were eggs and lard, prices increased by 14.9% and by 10.2%, respectively. But buckwheat, sugar, fruits and vegetables became cheaper by 6.5-0.7%. Alcohol and tobacco products went up by 1.3%.

Also there was an increase in the prices of public utilities by 0.5%. Transport prices increased by 2.4%, mainly because of a rise in price of fuel and oils by 4.4%.

Related: Inflation, unemployment, and deep crisis of Ukrainian economy

As State Statistics Service reports, since the beginning of the year, inflation has reached 11.5%.

As it was reported earlier the National Bank of Ukraine (NBU) expected the deceleration of inflation until the end of 2017 after it moved beyond the prognosis of 9.1%. Deputy Head of the National Bank Dmytro Sologub said this.

According to Sologub, the National Bank will publish the new prognosis on the inflation later and noted that the inflation should decelerate in Ukraine until the end of 2017.

Related: Annual inflation rate in Ukraine increases to 16,4%

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