Ukraine: Inflation falls for tenth month in a row to lowest level in nearly a decade
May 7, 2012
In April, consumer prices remained flat over the previous month, which came in below the 0.3% increase recorded in March. The subdued print mainly reflected unchanged food prices as well as lower costs for housing, water, electricity, gas and other fuels. Owing to the monthly reading, annual headline inflation dropped for the tenth month in a row, falling from 1.9% in March to 0.6% in April. The reading came in below market expectations that had annual inflation at 1.0% and represents the lowest rate recorded since December 2002. The Central Bank anticipates that inflation will not exceed 5.0% this year.