Inflation in Ukraine in annual terms down to 5.3% after inflation of 0.8% in Oct – statistics
Consumer prices in Ukraine in October 2023 accelerated growth to 0.8% from 0.5% in September after declining by 1.4% in August and 0.6% in July, the State Statistics Service reported.
At the same time, in October 2022 they grew by 2.5%, so in annual terms, based on the results of October 2023, inflation decreased again - to 5.3% from 7.1% in September, 8.6% in August and 11.3% in July.
In October, the State Statistics Service also recorded a decrease in underlying inflation to 0.4% from 0.9% in September after remaining at zero in July-August.
Taking into account the fact that in October 2022 underlying inflation was 1.9%, in annual terms at the end of October 2023 it also decreased to 6.8% from 8.4% at the end of September, 10% at the end of August and 12.3% in July.
Since the beginning of this year, inflation in the country has amounted to 3.8%, underlying - 4.6%, the service clarified.
As reported, at the end of October, the National Bank of Ukraine again improved the inflation forecast for this year from 10.6% to 5.8%, but worsened it for 2024 - from 8.5% to 9.5%.
In early November, the government improved the inflation forecast for this year from 14.7% to 7.1%, and for next year from 10.8% to 9.7%.
In 2022, inflation rose to 26.6% from 10% in 2021, underlying inflation to 22.6% from 7.9%.