Transport costs lead inflation upswing in Ukraine

2009/10/7 0:54:37
KYIV, Oct. 6, 2009 (Ukrainian News/UBO) -- Consumer prices grew by 0.8 percent in September in Ukraine with transportation costs making the greatest impact with a 2.8 percent rise, the State Statistic
Committee reported. Consumer prices of foodstuff and non-alcoholic beverages grew by 0.3 percent, the rates of housing and utility services grew by 0.4 percent, and health care services grew by 0.7 percent. The September rise brought the year-on-year January-September 2009 increase to 9.1 percent. September 2009 consumer prices showed a 15 percent increase over the same month in 2008, after Ukraine saw deflation of 0.2 percent in August. Consumer prices in Ukraine grew by 22.3 percent in 2008, but the Cabinet of Ministers expects inflation to be 9.5 percent in 2009. While 2009 inflation may not reach the 2008 level, most economists believe the government prediction is overly optimistic. ###
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