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Ukraine: Inflation Shrinking Slightly

Published: January 14, 2013; 15:06 · (Vindobona)

Mr. Oleksandr Petryk, Director of General Economic Department, has communicated that inflation stood at 0.2% in December 2012, with annual CPI inflation having declined by 0.2% for the first time in the past ten years.

Ukraine: Inflation Shrinking Slightly / Picture: © Flickr

He explained that it had resulted from high supply of food and a fall in food prices. Mr. Oleksandr Petryk said that a fall in food prices could be explained by the rich harvest gathered in 2012, improved infrastructure, food storage and marketing facilities. Therefore, a negative contribution to the overall inflation rate stood at 1.4 p. p. Other consumer basket components demonstrated…

This article includes a total of 317 words.

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