Mr. Oleksandr Petryk, Director of General Economic Department, has communicated that the consumer price index declined by 0.1% in November 2012. “The downward trend in the previous months’ consumer prices has persisted, which can be attributed to the ongoing downward trend in food products prices,” he explained, adding that in November prices for fruit and vegetables had dropped by 3.7% and 1.8% respectively. November saw a slight decline in prices for dairy products, which could be attributed to the seasonal fluctuations in prices for this commodity group.

Mr. Oleksandr Petryk has noted that the prices for most goods and services included in the consumer basket fluctuated within a narrow range: from -1% to +1%, indicating that price stability was maintained in the consumer market.

In November, the core inflation edged up by 0.1%, whereas annual core CPI inflation had declined versus the previous month. As of today, annual core CPI inflation stands at 0.9%.

A slight increase in fuel prices was driven by the fact that an upward trend in oil prices in global commodity markets has halted..

The producer price index remained unchanged compared with the previous month, being at the level recorded in November 2011, which could be ascribed to a dramatic fall in the global demand and price decreases for raw materials in global commodity markets.

“Overall, inflation in Ukraine is kept under control and the National Bank of Ukraine continues to maintain price stability,” noted Mr. Oleksandr Petryk.