In November, consumer prices rose by 1.6%. Accordingly, since the beginning of the year, inflation amounted to 9.5%, reports the State Statistics Committee. \n \nMost of all in November, vegetables became more expensive (by 13%), as well as milk and dairy products, eggs (by 7%). Instead, since the beginning of the year, prices for meat (by 44%) and sausage products (26%) rose the most. \n \nAmong non-food goods, it is worth noting that fuel became cheaper – by 0.03% according to the month's results, although compared with December of last year it is more expensive by 62%. \n \nLet us note that in October consumer prices rose by 2.2%, and in January-October by 7.9%. Thus, in November inflation already exceeded the Cabinet of Ministers' forecast for 2004, that is, 9.5%. This is despite the fact that this year the government repeatedly worsened the inflation forecast, and initially forecast it at the level of 6.7%. \n \nIn November, the government once again worsened the inflation forecast for 2005 from 6.2% to 7.1%, simultaneously increasing the forecast for nominal GDP by 23 billion hryvnias – from 387 billion hryvnias, forecast initially, to 410 billion hryvnias, but keeping the forecast for real GDP growth at the level of 8.6%. \n \nLet us recall that at the beginning of November, Finance Minister Mykola Azarov assured that according to the year's results, inflation would not exceed 10%. \n \nInstead, acting head of the National Bank Arseniy Yatsenyuk states that according to December's results, inflation will be 12%. At the same time, he expressed concern about the level of growth in consumer prices in 2005. \n \n– The first quarter of next year is usually a mirror reflection of the last quarter of the previous one. Taking into account the "coefficient of economic 'mess'" that currently exists in our state, the first quarter will be very difficult, – he told the publication "Biznes". \n \nUlyana Kuydych \n
Inflation exceeds all forecasts
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