The industrial producer price index totaled 2.2% in August, while the same indicator slowed to 31.2% YoY.
The latest data from the State Statistics Service showed that the industrial producer price index, which tracked the average change in wholesale prices for raw materials and intermediate consumption goods, reached 2.2% in August, down from 8.8% in July.
The primary factor contributing to the deceleration in industrial inflation last month was the cost of electricity, gas, steam and air conditioning, which increased by 3.6% in August (16.6% in July).
Concurrently, energy prices increased by 56.6% YoY, which had an impact on the annual industrial inflation rate, which reached 31.2% in August. (Ukrinform)