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January inflation 0.4%

In January 2024, consumer prices rose by 0.4%.

This is stated in the report of the State Statistics Service, Ukrainian News Agency reports.

In particular, prices for food products and non-alcoholic beverages in January increased by 1.1%, for clothes and shoes - decreased by 5.5%, for housing and utility services - increased by 0.1%, for services related to with health care - increased by 1.3%, for education - increased by 0.4%.

Compared to January 2023, consumer prices rose by 4.7% in January 2024.

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In January 2024, the core consumer price index increased by 0.4%.

Compared to January 2023, core inflation was 4.6% in January 2024.

Core inflation is a sub-index of the consumer price index.

The core CPI (core inflation) is a part of inflation that shows the dynamics of free prices without taking into account items whose prices are affected by administrative and seasonal factors.

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As Ukrainian News Agency reported, in December 2023, consumer prices rose by 0.7%, core inflation made 0.0%.

In 2023, inflation was recorded at 5.1%; in 2022 at 26.6%; in 2021 at 10.0%; in 2020 at 5.0%; in 2019 at 4.1%.

In 2023, core inflation was 4.9%.

The state budget for 2024 provides for an increase in consumer prices (December over December) - 9.7%.

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