According to the National Bank's estimates, annual price growth accelerated to 24.4% in September from 23.8% in August.
According to the official estimates of the National Bank, consumer inflation in Ukraine is accelerating Annual price growth accelerated from 23.8% in August to 24.4% in September. This is evidenced by the latest data of the Macroeconomic and Monetary Review of the NBU (October 2022).
“The main factors of the increase in inflationary pressure remain the consequences of military actions and the Russian occupation, as well as the carryover effects from the correction of the hryvnia exchange rate,” the message says. in July), as well as the limited supply of new batches of goods, significant business logistics costs, depletion of stocks and worsening devaluation expectations led to the acceleration of inflation.
“Individual food products also became more expensive against the background of rising costs for their production and supply (most processed products), limited supply (meat products), rising import costs (rice, citrus fruits, bananas),” the review says.
On the other hand, inflation was restrained by the expansion of the supply of domestic cereals and fuel. Thanks to lower oil prices and the normalization of logistics, the growth of fuel prices continued to slow down. Tariffs for housing and communal services services have hardly changed in annual terms.
Bad news. The NBU expects that the pace of inflation will continue to increase.
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