Gosstat: the pandemic “raised” the prices of rice and fish and contributed to cheaper clothes

Популярне

Quarantine to extended until mid-May in Ukraine, libraries and museums will open

On Tuesday, April 21, the Cabinet of Ministers of Ukraine held a regular briefing on the situation with counteracting...

Kyiv City Council is promptly considering a comprehensive plan for construction on the lake

A new comprehensive territory plan of Bilychi micro-district was introduced in the Department of urban planning and architecture of...

New Ukraine’s government clarifications: in elevator -with mask, fine up to 34K hryvna without mask

The Cabinet of Ministers of Ukraine has provided clarifications to carry ID cards, where is it necessary to wear...

The State Statistics Service of Ukraine reported that in December 2020, inflation in the consumer market was at 0.9%. In its commentary, the National Bank of Ukraine noted that in December, inflationary pressures were shaped more dynamically than expected by the recovery of the world economy, increasing domestic consumer demand, as well as rising prices for energy and certain food products. At the same time, inflation continued to be restrained by the narrowing of demand from the population for certain services and non-food products.

According to the State Statistics Service, in December 2020, consumer inflation accelerated to 5% on an annualized basis, and on a monthly basis, prices rose by 0.9%. During the year, inflation was mostly below this range of 5% – it was restrained by the effects of the coronavirus pandemic and quarantine restrictions. Falling world energy prices, as well as declining demand for non-priority goods and services, have kept inflation low. The weakening of the hryvnia affected consumer prices with a certain time lag, the National Bank of Ukraine commented on the State Statistics Service.

In general, prices for processed food products for the year increased by 5.2%. Low sunflower yields and rising export prices led to higher sunflower oil prices in December. It also affected the cost of mayonnaise, margarine and spreads. Rising production costs have led to higher prices for meat, some dairy products and flour products. As a result of more active consumption and weakening of the hryvnia (on an annualized basis), prices for rice and fish products increased.

Non-food prices rose by 1.6% over the year, according to the State Statistics Service. “In December, their prices rose primarily due to the weakening of the hryvnia and significant consumer demand. In particular, the rise in prices for household appliances, pharmaceuticals and cars continued. In addition, the decline in electronics prices has slowed. Instead, the rate of decline in clothing and footwear prices has deepened. This may be due to weaker demand from the population due to opportunities for distance work and training, retailers’ pricing policies in the run-up to quarantine restrictions in January 2021, as well as cheaper fabric prices in the world due to declining demand”, noted the National Bank.

ціни Держстат
Data from the State Statistics Service

The cost of services for the year increased by 6.9%, accelerating slightly. This was due, on the one hand, to the increase in the cost of tourist services, rental housing and driving courses against the background of growing demand and production costs. On the other hand, the end of the weekend quarantine slowed down the growth of the cost of hotel services, beauty salons and cinemas.ціни Держстат інфляціяData from the State Statistics Service

The growth of administratively regulated prices for the year was 9.9%. In December, they continued to accelerate. In particular, natural gas prices rose faster, which led to a reduction in the rate of fall in prices for hot water and heating. At the same time, prices for alcoholic beverages were equal to last year’s, as in 2020 excise duties and minimum retail prices for them did not increase.

Fuel fell by 10.5% over the year. However, in December, the annual decline in fuel prices continued to decline. This is due to rising world oil prices and the maintenance of significant demand from the population due to the advantage of using cars over public transport in a pandemic.

It will be recalled that in 2019, the growth of consumer prices in Ukraine slowed down significantly to 4.1%. Compared to 2018, this figure was 9.8%. According to the State Statistics Service of Ukraine, in 2017 the inflation rate was – 13.7%, in 2016 – 12.4%, in 2015 – 43.3%. In December 2019, compared to the previous month, deflation was 0.2% against inflation of 0.1% in November, and in October – 0.7%.

Read also“The price of gas to be reduced by more than 30%. But only for the period of quarantine”

Translation: Evelina Susyk


загрузка...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Український бренд одягу

- Advertisement -

Обмен Валют

Найновіше

Two NAU dormitories were transferred to private individuals using forged documents

The press service of the prosecutor's Office of the Kyiv city reported that law enforcement agencies are trying to...

- Advertisement -

Слідуйте за успіхом разом із нами! Кваліфіковані юридичні послуги

Embezzlement of $13 million was revealed during the construction of the Velyka Okruzhna road

The press service of the prosecutor's office of the city of Kyiv reported on the establishment of the fact of violation of state interests...

By forged documents, the entrepreneur took possession of two premises on Hrushevskoho Street​

The press service of the Kyiv Prosecutor's office informs about sending to the court an indictment on the fact of fraudulent seizure of two...

The bank provided a credit for UAH 11 million for a non-existent property

The Prosecutor's Office of Kyiv city sent to the court an indictment against the head of a private enterprise, who is suspected of seizing...

Experts comment on the government’s restriction of support of the Export Credit Agency project

On the 3rd of February in the first reading Verkhovna Rada of Ukraine passed the bill №3793 “On making amends to the Law of...

Думай

Experts comment on the government’s restriction of support of the Export Credit Agency project

On the 3rd of February in the first reading Verkhovna Rada of Ukraine passed the bill №3793 “On making...

Читай

Embezzlement of $13 million was revealed during the construction of the Velyka Okruzhna road

The press service of the prosecutor's office of the city of Kyiv reported on the establishment of the fact...

Теж цікаво

Блоги

Alina DEMCHYK | Protecting the rights of victims of domestic violence

Domestic violence is one of the most urgent social problems affecting Ukrainian society. Statistics show that about 1.8 million Ukrainian women experience domestic violence...

Andriy ZABLOVSKY | Big Data market in Ukraine or how not to miss your chance?

According to IBM Research, 90% of all human data has only appeared in the last 10 years. At this rate of data generation, in...

Andriy HREBONKIN | National Economic Strategy 2030: Future changes coming to the construction sector

At the end of 2020, the Cabinet of Ministers of Ukraine published the National Economic Strategy 2030, which is considered a fundamental roadmap for...

Andrii ZABLOVSKYI | Artificial intelligence technologies serving for “smart cities”: Ukraine and the world

Technologies developed on the basis of artificial intelligence are widely used for the needs of “smart cities”: starting with traffic handling (such as in...

Andrii ZABLOVSKYI | How the Law №466-IX should not be “improved” or why attempts at its “cosmetic” revision do not help

Despite numerous appeals from business and the expert community, the scandalous tax draft №1210, which entrepreneurs called "tax terror", became Law №466-IX and came...
- -