Growth in prices of industrial producers in Ukraine accelerates to 5.4% in Aug – statistics

KYIV. Sept 10 (Interfax-Ukraine) – Prices in the Ukrainian industry in August 2021 increased by 5.4%, while in July – by 2.6%, in June – by 2.4%, in May – by 3.6%, in April – by 1.2%, in March – 1.6%, in February – 7.8%, and in January – 5.2%, the State Statistics Service reported on Friday.

According to it, in annual terms (in relation to the same month last year) in August 2021 prices in industry increased by 46.5%, in July – by 42.2%, in June – by 39.1%, in May – by 33.1%, in April – by 27.8%, in March – by 26.3%, in February – by 26.6%, and in January 2021 – by 17.6%.

Over eight months of 2021, the growth in prices of industrial producers amounted to 32.4% compared to the same period in 2020.

The State Statistics Service clarifies that within Ukraine, prices of industrial producers in August versus July 2021 increased by 8.2%, while for deliveries outside the country they decreased by 4.0%.

According to the statistics service, in the mining industry and quarrying in August this year, compared with the previous month, production fell by 2.2%. The growth in prices in the extraction of coal was 2.3%, in the extraction of crude oil and natural gas – 2.2%, while prices in the extraction of metal ores decreased by 7.4%.

Prices increased for the supply of electricity and gas – by 26.3%, in energy generation – by 19.3%, in production of chemical products – by 2.0%, in production of rubber and plastic products – by 1.6%, in production of investment goods – by 1.4%, in production of coke and petroleum products – by 1.2%, in production of electrical equipment – by 1.2%, durable goods – by 1.1%, in mechanical engineering – by 0.9%, and in production of wood products – by 0.6%. Prices for pharmaceutical products increased by 0.4%.

At the same time, prices fell in sugar production – by 3.3%, in metallurgy – by 3.2%, in production of intermediate consumption goods – by 2.1% and in production of non-durable goods – by 0.3%.