Consumer inflation in Ukraine accelerated to 26.6% in October

Consequently, consumer inflation in Ukraine in October accelerated to the level of 26.6% by October last year (+24.4% in September). The official index of consumer prices for milk (State Stat) is growing more slowly and is 19.8 percentage points higher than in October last year (+19.4% in September). Wholesale prices of the fresh category in October was 11.5% higher than the corresponding period last year. The gap between wholesale prices and the cost of selling products (as well as the dynamics of their growth) in the last 6 months remains significant due to the increase in the price of logistics and retail services. A more indicative difference, or, more precisely, its absence in relation to the wholesale prices of the fresh category (milk, sour cream, cottage cheese group), is the dynamics of the cost of raw milk. The rate of growth of raw materials in October accelerated as expected, annual inflation is 10%. From this, we conclude that the increase in the price of raw ...