In July, consumer prices have increased by 4.3% since the beginning of the year.
The consumer price index (CPI) in July did not change compared to the previous month, in annual terms inflation was 5.4%.
This is evidenced by data from the State Statistics Service.
According to the agency, core inflation in July compared to June was 0.7%, since the beginning of the year – 4.1%.
In the consumer market in July, prices for food products and soft drinks decreased by 0.6%. Vegetables and eggs fell in price the most – by 19.6% and 11.4%, respectively. Prices for lard and poultry meat also decreased.
At the same time, sugar prices increased by 12.1%, prices for processed grain products, sunflower oil, bread, soft drinks, rice, fruits, fermented milk products, milk, pasta, and butter increased by 3.9–0.6%.
Prices for alcoholic beverages and tobacco products increased by 1.0%, including tobacco products by 1.3%, alcoholic beverages by 0.7%.
Clothing and footwear became cheaper by 3.7%, including clothing by 4.1%, footwear by 3.4%.
Transport prices increased by 0.7%, mainly due to a 0.8% increase in the cost of road passenger transport, as well as a 0.6% increase in fuel and lubricants.
What will happen to inflation next
According to the NBU, inflation will gradually increase, in particular in the coming months as a result of continued market pressure on businesses, which will be forced to spend more to support production processes. The growth of inflation will also be facilitated by the depletion of the effect of significant harvests of previous years and a new factor – the expected increase in excise taxes.
Inflation will grow moderately in the coming months, primarily due to continued pressure on business costs, the exhaustion of the effects of last year's significant harvests, and the expected increase in excise taxes.
Experts previously reported that food prices will rise in Ukraine in the near future. Read more about this in the news.
How food prices rose in Ukraine. Statistics from the State Statistics Service
