In July 2024, consumer prices in Ukraine remained unchanged compared to June, while they increased by 4.3% since the beginning of the year. Core inflation in July 2024 compared to June 2024 amounted to 0.7%, since the beginning of the year - 4.1%." This is stated in the express release of the State Statistics Service, UNN reports.
Details
According to a new express release by the State Statistics Service, consumer price growth in July 2024 fell to zero after accelerating in June to 2.2% from 0.6% in May.
Consumer prices remained unchanged in July 2024 compared to June 2024, while they increased by 4.3% since the beginning of the year. Core inflation in July 2024 was 0.7% compared to June 2024, and 4.1% since the beginning of the year
It is noted that in July, core inflation rose to 0.7% from 0.5% in June and 0.3% in May. In July 2023, consumer prices decreased by 0.6%, so in annual terms, inflation in July this year rose to 5.4% from 4.8% in June and 3.3% in May.
Recall
NBU Governor Andriy Pyshnyi has announced that Ukraine's economic recovery is continuing, despite the war and damage to the power grid. The GDP growth forecast for 2024 has been improved to 3.7%, and is expected to accelerate to 4-5% in 2025-2026.