REUTERS
The dynamics of inflation in October, which accelerated to 2.8% to the previous month and up to 12.4% year-over-year, is in line with expectations of the National Bank of Ukraine (NBU).
According to the regulator, the annual core inflation in October was 6.5% remained almost unchanged compared with September.
According to the NBU, the increase in prices of raw food products accelerated to 4.5% in annual terms under the influence of supply factors.
The growth of administratively regulated prices and tariffs accelerated to 30.1% y-o-y mainly due to the start of the heating season. Fuel prices have accelerated growth to 16% y-o-y as a result of higher oil prices on world markets.
Read alsoCabinet tables in Rada amended state budget 2017The National Bank also said that the growth in producer prices significantly accelerated in October, up 29.2% y-o-y, which was primarily due to increase in electricity tariffs for industrial consumers.
As UNIAN reported earlier, inflation in October 2016 accelerated from 7.9% recorded the previous month to 12.4% y-o-y, surpassing the target of the National Bank of Ukraine of 12% set for year-end.
Inflation (growth of consumer prices) in Ukraine in October 2016 compared to September accelerated to 2.8% from 1.8% recorded in September to August.
From the beginning of the year, in January-October, consumer prices rose by 9.4%.