Ukraine Inflation Rate Falls Further in October
The annual inflation rate in Ukraine decelerated to 5.3% in October from 7.1% in the previous month, marking the lowest level since December 2020, data portal Trading Economics show citing fresh figures from the Kiev-based State Statistics Service (Ukrstat).
Consumer prices grew at a softer pace for almost all categories, with the most significant impact seen in restaurants & hotels (15.4% vs 16.9%), miscellaneous goods & services (12.4% vs 13.5%), housing & utilities (13.1% vs 13.2%), and alcoholic beverages & tobacco (11% vs 11.6%).
Additionally, the cost of footwear and clothing continued to fall (-4.2% vs -3%).
On the other hand, transportation inflation accelerated (6.8% vs 6%). On a monthly basis, consumer prices rose by 0.8%, following a 0.5% increase in September.
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