In March, the producer price index of industrial products increased by 0.7%, and in annual terms reached 51.9%. Such data made public State Statistics Service of Ukraine.
In March, the average level of selling wholesale prices for raw materials, materials and intermediate consumption products increased by 0.7%, while in February this indicator was 1.1%. On an annual basis (March 2025 to March 2024), the rate of industrial inflation accelerated significantly — from 37% in February to 51.9% in March.
The main factor behind the slowdown in price growth in March was the decrease in the prices of mining products, in particular oil and gas (by 1.3%), pharmaceutical products (by 5.7%), as well as a general decrease in prices in the mining sector by 0.4%.
However, in annual terms, there is a sharp increase in the cost of energy carriers – by 206.4% – in particular, in the categories of electricity, gas, steam and air conditioning supply, which significantly affected the general level of inflation in industry.
It was previously reported that in March the consumer price index reached 14.6% year-on-year, which is slightly higher than the estimate of the National Bank (14.3%), however, as the regulator noted, this result remains “quite close to the trajectory of the previous macro forecast.”
