Ukraine: Stats agency updates inflation report
In January-May 2021, inflation stood at 8.0%.
Consumer inflation in Ukraine in May amounted to 9.5% year-on-year, accelerating from 8.4% reported in April.
That’s according to an update by the State Statistics Service of Ukraine.
Inflation in the consumer market in May was 1.3% against the previous month, the agency said.
In January-May 2021, inflation amounted to 8.0%.
In May, prices for food and non-alcoholic beverages increased by 9.9% on year. Most of all (by 75.2-13.4%) the prices rose for sunflower oil, eggs, sugar, and bread.
Prices for meat, pasta, processed cereals, butter, and dairy products were up 5.4-10.3%. At the same time, vegetables fell in price by 13.1% and fruits – by 0.7%.
For liquors and tobacco products, prices increased by 9.3%.
The 35% rise in prices (tariffs) for housing, water, electricity, gas and other fuels was mainly due to the growing prices for natural gas (+161.6%) and electricity (+36.6%).
Transport fees increased by 12.2%, primarily due to the rise in prices for fuel and oils by 37.4%, while travel in railway passenger transport became 12.0% more expensive. Road transport fees have risen in price by 7.0%.
- Consumer inflation in Ukraine in April in annual terms amounted to 8.4%, slowing down from 8.5% in March.
- Inflation in Ukraine in 2020 stood at 5%.
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