Inflation in Ukraine up to 2.5% in Oct, to 26.6% in annual terms – statistics

KYIV. Nov 10 (Interfax-Ukraine) – The growth of consumer prices in Ukraine in October 2022 accelerated to 2.5% from 1.9% in September, 1.1% in August and 0.7% in July, the State Statistics Service reported in Thursday.

In October last year, inflation of 0.9% was recorded, so in annual terms, in October this year, it rose to 26.6% from 24.6% in September, 23.8% in August, 22.2% in July and 21.5% in June.

Underlying inflation fell to 1.9% last month from 2.4% in September and 2.1% in August.

Since the beginning of this year, over the ten months, consumer prices in Ukraine have increased by 24.8%, while underlying inflation was 20.1%, the service said.

In mid-October, the National Bank kept its inflation forecast for 2022 at 30%, while the government improved it from 30.1% to 29.3% at the end of October.

As reported, in 2021 inflation in Ukraine rose to 10% from 5% in 2020 and 4.1% in 2019, while underlying inflation rose to 7.9% against 4.5% a year earlier.

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