March 12, 2025
In Ukraine, inflation has accelerated to 13.4%. The National Bank explained the reasons thumbnail
UKRAINIAN NEWS

In Ukraine, inflation has accelerated to 13.4%. The National Bank explained the reasons

In February, the dynamics of consumer inflation was close to the National Bank’s forecast trajectory, instead Basic inflation continued to exceed the expectations due to the further increase in business costs, in particular for wages.

About it reports the National Bank of Ukraine.

It is noted that among raw foods that went up by 13%, Fruits, some livestock products, flour and cereals under the influence of the lasting effects of low last year’s yields were more expensive. Pork, chicken and sugar prices were approaching the prices of trade partners against sustainable exports.

At the same time, the rise in the price of vegetables slowed down somewhat due to the expansion of imports, the receipt of a new greenhouse crop and a decrease in demand for separate positions.

The rise in price of processed foodstuffs in February has accelerated up to 16.7% due to rise in price of food raw materials, as well as increasing the costs of enterprises for electricity, remuneration and logistics. As a result, bread and individual bread products, oil, meat and dairy products were expensive. Due to the rise in prices in the world markets, individual imported goods, including cheeses, tea, coffee and chocolate, were more expensive.

Prices for non -food products have accelerated up to 4.4% of p/g. At the same time, prices for clothing and shoes remained lower than last year.

The rate of increase in the cost of services also slightly accelerated and amounted to 14.3%.

Administratively regulated prices increased by 18.1%. In February, the cost of excisable products increased faster due to the rise in production costs, as well as price adjustments due to increased measures of combating the shadow supply and the probable impact of the expected test implementation of E-Acacysis. Pressure from production costs led to an increase in prices for pharmaceutical products, medical goods and equipment. At the same time, the moratorium on raising tariffs for individual housing and communal services for the population continued to hold back administrative inflation.

The rate of rising fuel prices was 13.9%. In February, the rise in price of fuel accelerated compared to January, primarily due to the high rates of increasing the cost of a motorway.

At the same time, gasoline supply, competition in the gas station market and optimization of import logistics kept the rise in price of fuel.

The NBU pronouns that andThe NFF will increase in the coming months due to the further influence of the worse crops and increasing the production costs of enterprises for energy supply and remuneration.

However, as noted in the NBU, in the second half of the year it should slow down due to the NBU taken by the measures to strengthen monetary policy and gradually exhaust the influence of temporary factors. Inflation is expected to fall to a unambiguous level at the end of the year and continue to go to a target 5% on the policy horizon.

Recall:

Consumer inflation in Ukraine in February 2025 increased by 0.8% compared to January, to an annual level of 13.4%.

”, – WRITE: epravda.com.ua

In February, the dynamics of consumer inflation was close to the National Bank’s forecast trajectory, instead Basic inflation continued to exceed the expectations due to the further increase in business costs, in particular for wages.

About it reports the National Bank of Ukraine.

It is noted that among raw foods that went up by 13%, Fruits, some livestock products, flour and cereals under the influence of the lasting effects of low last year’s yields were more expensive. Pork, chicken and sugar prices were approaching the prices of trade partners against sustainable exports.

At the same time, the rise in the price of vegetables slowed down somewhat due to the expansion of imports, the receipt of a new greenhouse crop and a decrease in demand for separate positions.

The rise in price of processed foodstuffs in February has accelerated up to 16.7% due to rise in price of food raw materials, as well as increasing the costs of enterprises for electricity, remuneration and logistics. As a result, bread and individual bread products, oil, meat and dairy products were expensive. Due to the rise in prices in the world markets, individual imported goods, including cheeses, tea, coffee and chocolate, were more expensive.

Prices for non -food products have accelerated up to 4.4% of p/g. At the same time, prices for clothing and shoes remained lower than last year.

The rate of increase in the cost of services also slightly accelerated and amounted to 14.3%.

Administratively regulated prices increased by 18.1%. In February, the cost of excisable products increased faster due to the rise in production costs, as well as price adjustments due to increased measures of combating the shadow supply and the probable impact of the expected test implementation of E-Acacysis. Pressure from production costs led to an increase in prices for pharmaceutical products, medical goods and equipment. At the same time, the moratorium on raising tariffs for individual housing and communal services for the population continued to hold back administrative inflation.

The rate of rising fuel prices was 13.9%. In February, the rise in price of fuel accelerated compared to January, primarily due to the high rates of increasing the cost of a motorway.

At the same time, gasoline supply, competition in the gas station market and optimization of import logistics kept the rise in price of fuel.

The NBU pronouns that andThe NFF will increase in the coming months due to the further influence of the worse crops and increasing the production costs of enterprises for energy supply and remuneration.

However, as noted in the NBU, in the second half of the year it should slow down due to the NBU taken by the measures to strengthen monetary policy and gradually exhaust the influence of temporary factors. Inflation is expected to fall to a unambiguous level at the end of the year and continue to go to a target 5% on the policy horizon.

Recall:

Consumer inflation in Ukraine in February 2025 increased by 0.8% compared to January, to an annual level of 13.4%.

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