Inflation in Ukraine slows down to 21.3%

10 April, 10:28 PM
Core inflation declined in March 2023 (Photo:nrd / Unsplash)

Core inflation declined in March 2023 (Photo:nrd / Unsplash)

While consumer price index continues to climb, particularly when it comes to food items, annualized inflation rate in Ukraine has decelerated to 21.3%, the State Statistics Service said in a report published on April 10.

In March 2023, consumer price growth in Ukraine accelerated to 1.5%, up from 0.7% in February, while annualized inflation rate fell from 22.7% to 21.3%

Consumer prices for food products and non-alcoholic beverages rose by 2.2%, while vegetables prices jumped by 17.3%.

Prices for eggs, soft drinks, meat and meat products, bread, pasta, milk and dairy products, butter, sugar, fruits, fish and fish products increased by 1.8-0.4%.

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At the same time, rice, grain processing products, sunflower oil and lard, fell by 2.3-0.2%. Clothes and footwear went up in price by 12.5%.

Prices in the healthcare sector rose by 0.6%, due to a rise in the cost of outpatient services by 0.8%.

Transportation prices fell 0.9%, although passenger rail fares have risen by 5.3%.

On March 26, the Governor of the National Bank of Ukraine, Andriy Pyshny, said that Ukraine would no longer resort to "risky" money printing to finance public spending, adding that an "open conflict" with the government on this issue had been resolved.

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