August Inflation in Ukraine Decreased
OREANDA-NEWS. On 7 September 2009 was announced, that CPI-inflation decreased by 0.2%, m/m in August 2009, while PPI accounted for 1.7%, m/m. The main contributors to the CPI decrease were the meat price fall and seasonal price reduction of fruit and vegetables. At the same time, sugar price rose by 8.5%, m/m in August due to expected sugar deficit in 2009/10 marketing years. Meanwhile, tobacco and alcoholic beverage prices rose by 2.3%, m/m due to excise tax growth on these products. Cumulative CPI was 8.2% in 8M2009.
The decrease of CPI corresponds to Millennium Capital’s forecasts made in early August 2009. Millennium Capital forecast that CPI will increase by around 1%, m/m in September, related to sharp hryvnia devaluation and the price growth of such products as bread (5% in September), tobacco and vegetables.
Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.