14:43 07.12.2012

Deflation in Ukraine in November 2012 comes to 0.1%, from year start - 0.4%, Statistics Service says

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Consumer prices in Ukraine, which remained stable in October, fell in November 2012 by 0.1%, the State Statistics Service said on Thursday.

According to the service, in annual terms (compared to the same month of 2011) after three months of zero figures deflation of 0.2% was fixed.

The service said that since the beginning of this year consumer prices in Ukraine have decreased by 0.4%.

The prices of food and non-alcoholic beverages on the consumer market in November compared to October this year fell by 0.2%. The largest fall in sugar prices was observed (5.1%). The prices of fruit, rice, vegetables and grain declined by 3.7-1.3%, while the prices of fish, olive oil and meat were down by 0.5-0.2%.

At the same time, the prices of eggs, fat, milk, margarine, sour cream and cheese were up by 2.9-1%, and the prices of bread, butter, sunflower oil, milk products and macaroni increased by 0.9-0.3%.

Last month, the price of tobacco goods rose by 1.6%.

Tariffs for housing, water, electricity, gas and other fuel in November compared to October 2012 decreased by 0.3%.

The 0.2% increase in prices of health care was due to a rise in the price of outpatient services by 0.4% and pharmaceutical products by 0.2%.

Transport prices in general rose by 0.1%, which was primarily due to the increase in prices for air transportation by 0.6% and fuel and oil by 0.1%. At the same time, the cost of rail transportation decreased by 0.2%.

However, in November 2012 the prices of travel services, telephone equipment, audio, photo appliances and information processing equipment declined by 1.4-0.2%.

As reported, inflation in Ukraine in 2011 slowed to 4.6% from 9.1% a year ago and reached a record low indicator since the announcement of independence in 1991. Previously the best result was 6.1% in 2001. In addition, in 2002 a deflation of 0.6% was recorded.

Monthly deflation of 0.2-0.3% was recorded in the country from May. In September inflation of 0.1% was observed.

The government expected inflation in 2012 to accelerate to 7.9% and has not changed the forecast on which the 2012 national budget is based.

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