Ukraine

Inflation in Ukraine slowed down for the first time in a year: State Statistics Service

In June 2025, consumer inflation slowed to 0.8% for the first time in a year compared to May, when price growth was 1.3%. About this reported State Statistics Service.

According to the State Statistics Service, prices for food and non-alcoholic beverages increased by 1.4% in June. Fruits rose in price the most — by 13.5%. There was also an increase in prices for meat and meat products, non-alcoholic beverages, fish and fish products, lard, bread, fermented milk products, butter and sugar — from 0.2% to 3.3%.

At the same time, vegetables became cheaper by 8.1%, and the prices of eggs, pasta, milk and rice decreased by 0.4–1.1%. Alcoholic beverages and tobacco products rose in price by 1.1%, due to the increase in prices for tobacco products by 1.8%. Clothes and shoes became cheaper by 2.2%, in particular, clothes became cheaper by 2.3%, and shoes by 2.1%. Transport prices increased by 1.1%, mainly due to a 5.4% increase in the cost of rail passenger transport and a 2.3% increase in the price of fuel and lubricants.

It will be recalled that in April, the National Bank of Ukraine lowered its inflation forecast for 2025 for the second time in a year — from 8.4% to 8.7%, while maintaining expectations of a return to the target level of 5% in 2026. The regulator predicted that inflation will decrease to 13.7% in the second quarter, and to 12.3% in the third quarter. Core inflation, according to NBU estimates, will be 12.7% and 11.4%, respectively.

At the beginning of June, the National Bank stated that inflation in May 2025 had probably reached a local peak and slightly exceeded the forecast dynamics of the regulator. Among the reasons for this are seasonal factors and rising production costs in the business environment.

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