Deflation resumed in Ukraine in October / epizod.com.ua
October deflation in Ukraine amounted to 1.3% compared to September, according to the website of the State Statistics Service of Ukraine.
The fall in consumer prices resumed in October following a 2.3% growth (inflation) recorded in September. For two previous months, the prices were falling - by 0.8% in August and by 1% in July, compared to a previous month.
According to the State Statistics Service, inflation slowed in annual terms (Oct 2015 to Oct 2014) to 46.4% from 51.9% recorded the previous month.
Since the early 2015, from January to October, there was a 39.5% overall increase in consumer prices was recorded.
The report notes that a significant factor in October price reduction was a seasonal decline in the price of gas used for individual heating or complex consumption.
Read alsoMinister Jaresko announces UAH 24.1/$ as average forex rate in 2016The data show that that the most significant price increase in October compared to the previous month was recorded for hot water and heating - by 39.9%, eggs - by 8.3%, and sugar - by 8.2%.
In annual terms, by October 2014, the price has risen the most for natural gas - by 3.7 times, electricity - by 66.9%, and soft drinks - by 57.5%.
The largest decline in prices in October compared to September was recorded for natural gas - by 32.6%, sunflower oil - 2.4%, and fish - by 1.7%.
In annual terms, price decline has not been recorded on any of the groups of consumer goods and services.
The State Statistics Service reminds that the data are presented excluding the occupied Crimea and Sevastopol, as well as part of the zone of the Anti-Terrorist operation.
As UNIAN reported earlier, in September 2015, Ukraine saw 2.3% inflation compared to August 2015. When measured in annual terms, inflation slowed to 51.9% from 52.8% in the previous month.
Consumer prices in Ukraine increased by 41.4% January through September 2015.
The Cabinet of Ministers considers three scenarios of economic developments in Ukraine in 2015: the low-case scenario with an 11.9% GDP decline amid 42.8% inflation, and two base-case scenarios with a GDP decline between 5.5% and 8.6% and inflation between 26.7% and 38.1%.
The National Bank of Ukraine in turn forecasts that GDP may decline by 11.6% in 2015 amid 44% inflation.