The destruction of the energy infrastructure fuels price increases for goods.
Monday, December 12, 2022

The destruction of the energy infrastructure fuels price increases for goods.

In November, consumer inflation slowed to 0.7% for the month, and on an annualized basis, it amounted to 26.5%. In the 11 full months of the year, consumer prices increased by 25.7%. The Ministry of Economy noted that the primary challenge for the economy in October-November was the destruction of the energy infrastructure, which led to a reduction in the length of working hours, difficulty in storing goods, etc. In addition, problems with the storage of food products and the destruction of agro-industrial complex facilities in animal husbandry significantly impacted the accelerated growth of prices for the food group, which rose by 4.2% in October and by 0.5% in November. Last month, only some items continued to increase in price, including eggs (by 10.6%), milk and dairy products (by 2.9-2.4%), and fish and fish products (by 2%). At the same time, the prices of fruit, processed grain products, pork, vegetables, and sugar fell by 6.9–1.1%.

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