Underlying inflation in Ukraine in August 2009 remained at the level registered in July 2009 – 0.5% compared to 0.9% registered in June 2009 and 0.6% registered in May 2009, said the State Statistics Committee on Tuesday.
Underlying inflation January through August 2009 hit 11.3%, whereas consumer prices in general grew by 8.2% in the eight months, however in July and August they declined – by 0.1% and 0.2% respectively.
Underlying inflation does not cover short-term irregular changes in prices influenced by various factors of an administrative, event-based or seasonal character. For instance, it does not include changes in the price of food and energy.
The State Statistics Committee started calculating underlying inflation from the beginning of 2008.
In 2008, underlying inflation was 21.3%, while consumer prices increased by 22.3%.
In August 2008, underlying inflation was 0.7%, whereas in the eight months of 2008 it was 13.9%
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