In April, consumer prices increased 1.3% over the previous month, which was virtually unchanged over the 1.4% price rise recorded in March but surprised the market on the upside, as analysts expected a more moderate 0.9% hike. Furthermore, as the reading came in well above the minus 0.3% price increase tallied in April last year, annual inflation jumped from 7.7% in March to 9.5% in April. As in previous months, the monthly price increase was mostly the result of higher prices for food and non-alcoholic beverages (+1.5% month-on-month) as well as for transport (+3.3% mom). In addition, the monthly hike reflected a 15% rise in electricity tariffs, while the expected 20% hike in residential gas and heating tariffs, which was negotiated with the IMF in March, was postponed by the government. Meanwhile, the core inflation index, which excludes volatile items such as food and fuel, increased a less pronounced 0.6% over the previous month, driving the year-on-year core inflation rate to 7.3% (March: 7.0% year-on-year). The government anticipates year-end inflation to rise to 8.9% this year before moderating next year to 7.9%.
Inflation surges in April
May 10, 2011
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Ukraine Economic News
October 10, 2016
In September, consumer prices rose 1.8% from the previous month, which contrasted August’s 0.3% decrease.
September 26, 2016
Industrial production returned to growth in August, after contracting in July.
September 21, 2016
Ukraine’s recovery gained steam in the second quarter, as the country heals from a deep recession.
September 16, 2016
In August, consumer prices fell 0.3% over the previous month, which followed July’s 0.1% decrease.
September 15, 2016
Stabilizing inflationary pressures in Ukraine’s tattered economy prompted the National Bank of Ukraine (NBU) to decide to cut the key policy rate from 15.50% to 15.00% at its 15 September monetary policy meeting.