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Date: 7 months ago   Category: Economics

By the end of the year inflation in Ukraine will reach 10.1% - the NBU

Last month – October, - consumer inflation accelerated up to 9.5% in comparison with the same period of last year, and in monthly measurement of the price grew by 1.7%. Growth is connected with increase in expenses of the state and also stable domestic demand. The press service of National Bank on the website reports about it.

"As expected, fundamental inflationary pressure remained considerable that is connected with increase in expenses, including on compensation, and steady domestic demand. It is also expected influence on domestic prices owing to increase in the world prices for energy resources and grain amplified", – note in the NBU.

Is noted that basic inflation in October accelerated slightly – up to 8.8% in annual terms that also corresponded the forecast of the NBU.

"To the loudspeaker of this indicator caused, first of all, increase in prices for services under the influence of the further growth of production costs, in particular on compensation and also pressure from consumer demand. So, growth of cost of services of hairdressing salons, cable television, separate services in repair and the maintenance of housing, mobile communication, etc. accelerated", – the NBU explains.

Invariable in October were growth rates of the prices of nonfoods. Rise in price of separate goods of long consumption (construction materials, household chemicals, jewelry, etc.) was leveled by reduction in cost of other commodity positions from the same category (in particular, TVs and mobile phones).

Dynamics of the prices of food with high extent of processing in October also practically did not change. On the one hand, because of rise in price of flour increase in prices for macaroni, confectionery, rich products accelerated. With another – rates of rise in price of meat and dairy products slowed down.

at the same time increase in prices for crude food accelerated (up to 1.6%), however was not such fast as it was put in the forecast of National bank.

"So, remained falling of the prices of fruit thanks to a good harvest of these cultures, first of all apples. Besides, smaller, than it was expected, there was increase in prices for vegetables, including because of extension of the offer of hothouse vegetables. However in October growth rates of the prices of vegetables of borshchovy set as during the first half of month their deficiency in the market because of later harvesting was still observed increased", – note in the NBU.

Growth rates of administratively regulated prices increased (to 14.6% in comparison with last year) and were above the October forecast.

Because of increase in minimum prices accelerated rise in price of alcoholic beverages, and fare in road transport grew owing to increase in the world prices for fuel and further pressure from expenses on compensation. Besides, since October 1 tariffs for rail passenger traffic were raised.
Increase in prices for fuel is predicted accelerated (up to 24.5% in annual terms) against the background of rapid growth of the world prices for oil and weakening of an exchange rate of hryvnia in previous


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