Annual inflation in Ukraine exceeds 20% for the first time in six years
Prices have increased by 3.1% compared to May
It is informed that the annual inflation in Ukraine was 21.5% as of June. In comparison with May, inflation on the consumer market was 3.1%, since the beginning of the year – 17.4%.
Source. This was stated on the website of the State Statistics Service of Ukraine.
Details. According to Bloomberg, the 21.5% increase in consumer prices is the highest level in the last six years.
Core inflation as of June was 11.4% compared to the beginning of the year and 1.6% compared to May.
The prices of eggs rose the most among all products on the consumer market. In June, their price increased by 17.2%. In general, food products rose in price by 3.2% over the month, although there were some products that fell in price. For example, the prices of beef and fruit fell by 1.1% compared to May.
Shoes and clothes also fell in price by 1.4% in June. In annual terms, they also became cheaper – in June 2021, they cost 4.3% more than now.
Alcoholic beverages and tobacco products rose in price by 2.4% compared to May this year and by 19.3% compared to June last year.
Prices for housing maintenance and repair, water, electricity, gas and fuel also increased – in June one had to pay 0.6% more for them compared to May of this year and 3.8% more than a year ago.
The rise in price was not spared household items, household appliances, and current housing maintenance. Their value has increased by 2.5% since May this year and by 14.1% since June 2021.
Prices in the health care sector increased by 0,5% in June and by 13.2% over the year. This is due to a 3% increase in the prices of postal services and telephone equipment.
The cost of communication increased by 0.9% compared to May this year and by 10% compared to June 2021.
The education price increased slightly in June – by 0.1%, but over the year its cost increased by 15.9%.
The sphere of restaurants and hotels now costs 1.3% more than in May of this year and 15.9% more than last year.
The record holder in price increase became the transport sector – prices rose by 11.2% in a month, and by 42.4% in a year. This is due to the increase in the price of fuel and lubricants by 21.3%. Consequently the price of road transport rose by 7.4% and of rail passenger transport – by 4.5%.
Other goods and services increased in price by 1.7% in a month and 13.9% in a year.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
