Industrial inflation in Ukraine is above 60% in November 2021.
The highest figure since 1996, according to the State Statistics Service. Industrial inflation indicates an increase in the cost of raw materials and components that businesses use to produce or provide services. The most significant increase was in the following industries: Electricity, gas, and air conditioning supply – 174%, coke and refined products – 112%, Oil and gas production – 75%, Chemicals production – 69%. The increase in gas prices in 2021 will lead to the additional acceleration of consumer inflation next year by 0.8 percentage points, reported Forbes.ua