REUTERS
Deflation (decline in consumer prices) was recorded in Ukraine for the second consecutive month calculated on a month-to-month basis, the State Statistics Service reported on its website.
Deflation of 0.1% was recorded in July as compared to June, after a decline of 0.2% in June as compared to May.
According to the report, in annual terms, inflation in July 2016 accelerated to 7.9% year-over-year (y-o-y) as compared to 6.9% recorded in the previous month.
Since the beginning of this year, January through July, consumer prices in Ukraine increased by 4.8%, the service said.
Read alsoUkraine sees twofold increase in hot water and central heating tariffs from July 1According to the data, the highest increase in July was recorded in prices of hot water and heating (8.1% as compared to the previous month). Prices of eggs grew by 3.9%, and those of fruits were up by 2.7% in the reporting month.
In annual terms, the sharpest increase was recorded in prices of hot water and heating (76.9%), electricity (56.4%), footwear ( 22.4%).
The steepest decline in July, as compared to June, was recorded in prices of vegetables (20.1%), footwear (4%), clothing (3.3%).
In annual terms, the largest decline was recorded in prices of vegetables (17.8%), eggs (11.5%), fruits (6.5%).
The report does not include data from the Russian-occupied Crimea and the Anti-Terrorist Operation zone in Donbas.
As UNIAN reported earlier, Ukraine in June 2016 saw a deflation of 0.2% as compared to May, after an inflation of 0.1% in May as compared to the previous month.
In annual terms, inflation in June 2016 slowed down to 6.9% y-o-y, from 7.5% recorded in the previous month.
Read alsoUkraine's consolidated budget sees UAH 11.3 bln deficit in H1The National Bank of Ukraine predicts a slowdown in headline inflation in Ukraine to 12% by the end of 2016. The International Monetary Fund forecasts inflation at 15.1%, and the World Bank – at 15%.