Inflation in Ukraine totals 0.7% in Nov, 25.7% since beginning of year

MOSCOW. Dec 12 (Interfax) - Growth in consumer prices in Ukraine slowed to 0.7% in November from 2.5% in October, the Ukrainian media reported on Friday, citing the Ukrainian State Statistics Service.

Underlying inflation was 1.3% in November compared to 1.9% in October.

Consumer prices in the country rose 25.7% in January-November 2022, while underlying inflation totaled 21.6%.

According to the State Statistics Service, prices for food products and non-alcoholic beverages rose 0.6% in November and 33.5% in January-November. Prices rose the most on eggs at 10.6% in November and 80.7% in January-November, milk at 2.9% and 16.3%, and fish at 2% and 44.5%. Fruit prices fell 6.9% over the month, but have risen 70.5% since the beginning of the year.

Prices for alcoholic beverages and tobacco products rose 1% in November and 21.8% in January-November.

Clothing and footwear prices fell 1.6% in November, but have risen 5.1% since the beginning of the year.

Transport prices rose 1% in November and 40.7% since the beginning of the year predominantly due to fuel and motor oil prices rising 1.3% in November and 64.3% since the beginning of the year. Prices in the sphere of communications rose 1.3% in November and 12.4% since the beginning of the year due to rates for local telephone service rising 21.9%.

The National Bank of Ukraine maintained its forecast for inflation in 2022 at 30% in mid-October, while the government upgraded its forecast from 30.1% to 29.3% at the end of October.

Inflation in Ukraine rose to 10% in 2021 from 5% in 2020 and 4.1% in 2019.