Ukraine Inflation April 2019

Ukraine

Ukraine: Inflation edges up in April

May 8, 2019

Consumer prices rose 1.0% month-on-month in April, up slightly from a 0.9% increase in March. The acceleration was largely driven by higher prices for clothing and footwear, as well as for food and non-alcoholic beverages, according to the Statistical Institute.

Inflation edged up from a two-and-a-half-year low of 8.6% in March, to 8.8% in April. As a result, inflation moved further above the Central Bank’s 6.5% plus or minus 2.0 percentage points target range. Lastly, annual average inflation continued to fall in April, coming in at an over four-year low of 9.4% (March: 9.8%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 7.5%, which is up 0.2 percentage points from last month’s forecast. For 2020, the panel sees year-end inflation easing to 6.4%.


Author:, Economist

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