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A seller arranges tomatoes on the stall at the Pryvoz Market in Odesa. (Photo by NurPhoto/ Getty Images)
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Ukraine's consumer price inflation fell to 7.1% year-on-year in September, down from 8.6% year-on-year in August, as inflation cools in the country.

Overall, consumer prices rose by 0.5% in September, after a decline of 1.4% in August and 0.6% in July, the State Statistics Service said on Oct. 9.

Food prices dropped by 0.6% compared to August. The biggest decrease was seen in vegetable prices, which fell by 9.7% thanks to a larger-than-expected harvest.

Fuel prices rose by 4.9% from August amid rising global oil prices. Transport services remained more stable, howver, only increasing by 1%. Education also increased by 9.9% in a month.

Compared to the start of the year, prices increased by 3%.

Inflation reached 26.6% last year and has declined faster than the National Bank of Ukraine (NBU) expected, leading the central bank last week to ditch the fixed exchange rate that had been in place since the start of the full-scale invasion.

While the NBU forecasts that inflation will continue to decrease, it also noted in an October report that inflation pressures are persistent.

Positive trends reported in Ukraine’s key economic sectors
Ukraine’s key sectors grew between January and September this year, Economy Minister Yulia Svyrydenko said on Oct. 9, citing the Ministry’s preliminary estimates.
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ISW: Russia holds offensive initiative.

"Russian forces have regained the theater-wide initiative and will be able to pursue offensive operations when and where they choose as long as they hold the initiative," the ISW said.
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