Consumer inflation in October, as compared to September, slowed down to 1.2%, according to the State Statistics Service of Ukraine data. In September, as compared to August, it made up 2%. The slowing trend was driven by the restrained dynamics of monetary aggregates, the implementation of the consolidated budget for January-September with a surplus of UAH 41.7 billion, seasonal price reductions for rail services and separate groups of food products.
In October, prices dropped for sugar (- 5.5%), fruits (- 4.6%), vegetables (- 0.8%), and sunflower oil (- 0.1%) due to the increase in the supply of these goods. Among others, dairy products, eggs, clothing and footwear saw moderate rise in price as a seasonal tendency.