Food prices 1.3% down in Ukraine

Food prices fell by 1.3% in Ukraine in H1, 2012, the State Statistics Service has reported.

"In H1, 2012, food prices were down by 1.3%. The largest fall [44.2%] was registered for egg prices. Sugar prices fell by 11.2$, milk prices – by 10.3%, rice prices by 10.1%, buckwheat prices – by 7.4%, butter prices – by 5.3%, cheese prices – by 4.4%, vegetable prices – by 3.8%, salo (pork fat) – by 3.7% and sunflower oil – by 1.9%," reads the report.

The report says that since that start of the year consumer prices grew only by 0.1%, which was the lowest indicator over the statistics history (apart from the deflation year 2002), and in annual terms (June over June) a 1.2% deflation was registered.

The service said that in June deflation was registered the second time in a row – the fall came to 0.3%.

"The main deflation factor in June was the fall in the prices of food [by 0.7%]. Egg prices fell by 13.5%. Prices of buckwheat, vegetable, milk, rice, cheese, sugar, butter and salo were down by 3.4-1.1%. Prices of beef, pork and fruit fell by 0.4-0.3%," reads the report.

The service also said that the fall in the prices of fuel and lubricants by 2.5% and the stability of utility tariffs played a positive role.

The tariffs on cargo shipments by rail did not change.