Below was only before the war: how prices and inflation have changed in Ukraine

In Ukraine, prices for some products and goods began to decrease. We explain what factors affect it. In Ukraine in June 2023, the consumer price index has hardly changed. The reason: inflation has decreased to the lowest level for the first time since the beginning of a full -scale invasion. This is stated in the review of the Institute for Economic Research. Thus, according to monthly economic monitoring, conducted by the experts of the institute, prices in June remained at the May level.

But the study did not take into account the increase in electricity tariff. "Prices remained at the same level due to the slowdown in inflation in Ukraine. The lowest rate from the beginning of a full -scale invasion is now 12. 8% compared to June 2022," the message reads. If at the beginning of the war the consumer price index increased by 3-4%monthly, then over the last 12 months the pace has decreased to 1%.

This was due to the limited purchasing power of consumers and a stable hryvnia exchange rate, which kept the rise in import prices and helped to reduce inflation expectations. According to the Institute, the consumer price index increased by 0. 8% in June. But this was influenced by the fact that the tariff for electricity increased: in June, fuel prices were reduced, but with the return of pre -war taxation in July could still change.

Prices for cereals and sunflower oil continued to decline in June. Also, according to experts, a seasonal reduction in prices for clothing and shoes has begun. On July 11, the head of the Tax Committee of Parliament Danilo Getmantsev explained in his Telegram-channel that in July the potential until the further reduction of annual inflation will be exhausted since July, as the effect of the highest base of comparison in 2022 will disappear.

Moreover, inflationary processes will be influenced by the effects associated with the return of pre -war taxes on fuel and the blast of the Kakhovka hydroelectric power station. "In the second half of the year, inflation should stabilize within 13-14%. But there is also good news: faster disinflation will catalyze the expected decision by the NBU Board to reduce the interest rate at the next meeting. It will take place on July 27," the politician wrote.