The average monthly increase in the overall CPI from January to December 2024 reached 0.8%.

According to calculations, the average monthly increase in the consolidated CPI for January-December 2024 reached 0.8%.

Throughout 2024, the short-term consolidated CPI, i.e., the monthly price change indicator, fluctuated between 102.8% (May) and 99.7% (July). These fluctuations were influenced by changes in tariffs for electricity and gas starting in May of this year, as well as seasonal factors during the summer months.

The consolidated CPI value for December 2024 was 0.2 points higher than the average monthly figure for January-December 2024.

The annual consolidated CPI from January to December 2024 ranged from 8.0% (March) to 10.6% (May and June). The value of this indicator in December 2024 was 0.8 points lower than the peak value recorded in May and June of that year.

In December 2024, the CPI for goods increased by 1.2% (compared to 1.0% the previous month). This is comparable to the figure for December 2023 and lower than in December 2020-2022.

For services, the short-term CPI for December 2024 stood at 0.7%, which is 0.8 points lower than the 2023 figure.

The annual CPI for December 2024 was recorded at 4.7% for goods and 26.7% for services.

The CPI for services in annual terms was significantly higher than in 2023, driven by the implementation of the next phase of tariff liberalization in the gas and electricity supply sectors.

Conversely, the annual CPI for goods in December 2024 was lower than the 2023 figure, largely due to the relative stability of prices for essential food items.

The short-term CPI for food products in December 2024 was 1.8%.

For non-food products, the CPI for the month was 0.4%, and for paid services to the population, it was 0.7%.

The CPI for December 2024 compared to December 2023 for food products was recorded at 2.4%. Over the past five years, this marked the lowest annual value for December.

The annual CPI for non-food products was 7.7%. For services, it reached 26.7%, the highest value for December since 2020.

Throughout 2024, the short-term CPI for food products fluctuated between 98.0% (May) and 101.8% (December). The volatility of this indicator for non-food products was less pronounced (from 100.2% in February to 101.0% in December), while for services, it was more pronounced (from 115.5% in May to 100.4% in August).

The annual CPI for food products during 2024 ranged from 102.0% (November) to 109.3% (January), non-food products ranged from 107.2% (March) to 108.6% (August), and services ranged from 108.9% (January) to 128.7% (September).

Excluding price fluctuations for fruits and vegetables, the consolidated CPI for the month reached 100.7%, which is 0.3 points lower than the short-term CPI accounting for price changes in this product group.

For the consolidated CPI for December 2024 in annual terms, price changes for fruits and vegetables acted as a restraining factor. Thus, this indicator, considering the influence of price fluctuations on fruits and vegetables, was 2.2 points lower than without this influence.

In December 2024, food products had the most significant impact on the change in the short-term consolidated CPI. According to calculations, the contribution to the monthly increase in the consolidated CPI from price changes for food products reached 0.8 percentage points, or over 75% of the total increase in the consolidated index.

In the structure of the contribution to the increase in the consolidated CPI compared to December 2023, the influence of price changes for services predominated, increasing the consolidated figure by 6.2 percentage points. A lesser contribution was noted from non-food (+2.5 percentage points) and food (+1.1 percentage points) products.

In December 2024, the range of short-term CPI by section was between 100.1% (Section VIII. "Information and Communication") and 101.8% (Section I. "Food Products and Non-Alcoholic Beverages").

The range of annual CPI in December 2024 was from 102.0% (Section I. "Food Products and Non-Alcoholic Beverages") to 138.1% (Section IV. "Housing Services, Electricity, Gas, and Other Fuels").

In the group "Cereal and Grain Products," the CPI fell below 100% both for the month (99.3%) and in annual terms (99.5%). Price declines in this group were noted in January-February and from October to December 2024.

The CPI for meat products in December 2024 for the month reached 100.7%, and by the end of 2023, it was 111.0%. The range of short-term CPI in this group throughout 2024 was between 99.7% (February) and 103.9% (August).

Fish and other seafood saw a less significant price increase over the year (+6.5%), while the range of short-term CPI for them during 2024 was 99.2% (November) to 102.0% (April).

The CPI for milk, other dairy products, and eggs in December 2024 for the month was 105.3%, and in annual terms – 102.0%. The range of short-term CPI during 2024 was between 95.7% and 105.3%.

This same indicator for oils and fats throughout 2024 fluctuated from 99.1% (February) to 105.2% (December). The annual CPI for fat and oil products was 111.8%.

The "Fruits and Nuts" group was traditionally subject to pronounced price fluctuations related to seasonality. In 2024, the monthly CPI for this group ranged from 88.8% (July) to 103.0% (April). The annual CPI from January to December 2024 decreased from 138.9% to 81.8%, or by 57.1 points.

The CPI for vegetables, tubers, and legumes in December 2024 compared to November 2024 was 108.0%, and compared to December 2023, it was 100.7%. Price declines in this group were recorded from April to July 2024, ranging from 1.2% to 17.3%.

The CPI for sugar, confectionery, and desserts in December 2024 for the month was 99.6% (103.3% annually), for prepared foods and other food products – 100.6% (107.1%), and for non-alcoholic beverages – 100.3% (109.0%).

The main price increases in December 2024 (excluding fruits and vegetables) were noted for such food products as eggs (+19.5%), cotton oil (+9.2%), and sunflower oil (+6.1%).

For the observed trade items, the upper price limit for eggs in December 2024 fluctuated between 19,000 and 24,000 sums per dozen.

Among staple food products in 2024, the most significant price increases were for vegetable oils (+14.8%) and meat (ranging from 13.3% to 14.6%).

In December 2024, price declines were recorded for such products as rice (by 2.3% to 2.4%), first-grade wheat flour (-1.3%), buckwheat (-0.8%), and refined sugar (-0.7%).

Over the year, prices fell for products such as buckwheat (-9.6%), rice and rice bran (-6.3%), eggs (-7.3%), first-grade wheat flour (-5.7%), and granulated sugar (-3.7%).

In December 2024, seasonal price declines were noted for citrus fruits, bananas, carrots, and beets, ranging from 4.1% to 16.4%.

Conversely, cucumbers, bell peppers, eggplants, tomatoes, potatoes, and onions saw price increases over the month ranging from 5.7% to 52.7%.

Price declines in 2024 were observed for eggplants, lemons, tomatoes, and cucumbers, while potatoes, garlic, carrots, beets, onions, tangerines, and greens saw price increases ranging from 1.4% to 39.9%.

In December 2024, the restraining factor was the price decline for grain crops and grain products, as well as for sugar, confectionery, and desserts, which caused the consolidated indicator for the month to be lower by 0.07 percentage points.

In December 2024, the restraining factor was the price decline for grain