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Ukraine’s Prime Minister admits reduction of inflation by 8%

Source : 112 Ukraine

The inflation reduced up to 0.2% in May 2019
14:36, 21 August 2019

Ukraine's PM Volodymyr Groysman
Open source

Prime Minister of Ukraine Volodymyr Groysman admits the lower of inflation by 8% on the results of 2019 as 112 Ukraine reported.

“This year, I believe that we have all chances to get the inflation on the results of 2019 which is less than 8%,” Groysman said.

Thus, according to him, it will be able to overcome the devaluation of funds partially and increase the amount of funds posses by people.

Related: Ukraine’s industrial production increased by 1,6% in May

In July 2019, consumer prices in Ukraine fell by 0.6%. In particular, prices for food and non-alcoholic drinks in July fell by 0.7%, for clothes and shoes - by 4.5%, for housing and communal services - by 2.3%.

As we reported inflation in Ukraine in May 2019 was 0.7%, compared with 1% in April, 0.9% in March, 0.5% in February and 1% in January.

In the annual terms, the consumer price growth accelerated by 9.6% in May, by 8.8% in April and by 8.6% in March of the current year.

Related: Naftogaz Ukraine reduces gas price for population by 5.1% in August

The core inflation in May 2019 declined to 0.2%, while in April it was 0.4%, in March - 1.2%, in February - 0.2%, and in January - 0.3%. In the annual terms, it remained at the level as in April - 7.4%, compared with 7.6% in March, 7.8% in February and 8.3% in January.

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