Over the said period, prices for consumer goods increased by 0.5, those for consumer services – by 0.2%. The influence of the change in prices for consumer goods on the overall monthly price change stood at plus 0.349 percentage points, that of the change in prices for consumer services – at plus 0.048 percentage points.
Prices for consumer goods and services regulated by State and municipal authorities decreased by 1.3%, while market prices – increased by 0.7%. The influence of the change in prices regulated by State and municipal authorities stood at minus 0.173 percentage points, the influence of the change in market prices – at plus 0.569 percentage points.
In May 2018, against April, in the transport group of goods and services, the price changes (prices increased by 3.5%) was determined by a price growth for fuels, maintenance and repair of personal transport equipment, passenger transport by air.
As regards services of hotels, cafés and restaurants, prices increased by 0.9%. The increase was influenced by a price growth for accommodation and catering services.
As regards housing, water, electricity, gas and other fuels (prices decreased by 1.5%), the largest price drop was recorded for waste collection services and heat energy, while products and materials for the maintenance and repair of the dwelling went up in price.
Among food products and non-alcoholic beverages (prices decreased by 0.4%), significant price drop was observed for bananas, early white cabbage, short cucumbers, avocados, grapes, eggs and ice-cream, while price growth – for melons, carrots, butterhead lettuce, sweet pepper, Chinese cabbage, coffee and oil.
Annual inflation was mainly influenced by an increase in prices for fuels and lubricants, solid fuel, milk and milk products, cheese and eggs, services of restaurants, cafés and the like, tobacco products, oil and fats, as well as by a decrease in prices for spirits, pharmaceuticals, wine and wine products, sugar, chocolate and confectionery, fruit.
The overall change in consumer prices is influenced not only by the size of the price change for a certain product but also by the relative share (weight) of expenditure on that product in the total consumption expenditure.
