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Why are prices rising in Ukraine?
Food inflation accelerated due to the effects of hot, rainless weather in the summer and fall.
In October, consumer inflation accelerated (to 9.7% in annual terms) and exceeded the trajectory of the NBU forecast. According to the regulator, price increases continued in November. This is stated in the Macroeconomic and Monetary Review of the NBU.
“Thus, food inflation increased due to a more significant than expected impact of unfavorable weather conditions on agricultural crops. Administrative inflation and fuel prices also grew somewhat faster than expected,” the document says.
Fundamental inflation pressures also increased in October. It is noted that core inflation has increased due to the rapid rise in…
