Ukraine Inflation April 2020

Ukraine

Ukraine: Inflation falls to over six-year low in April

May 8, 2020

Consumer prices rose 0.8% month-on-month in April, matching March’s print. Higher prices for food more than offset declines in prices for housing, water, electricity, gas and other fuels; and transport.

Inflation inched down to 2.1% in April (March: 2.3%), marking the lowest reading since February 2014. Accordingly, inflation fell further below the Central Bank’s medium-term 5.0% target. Meanwhile, annual average inflation declined to 5.8% from March’s 6.4%.

The Central Bank sees inflation ending 2020 at 6.0% and 2021 at 5.0%. Our panel projects inflation to end 2020 at 6.0%, which is unchanged from last month’s forecast. For 2021, the panel sees year-end inflation easing to 5.1%.


Author:, Economist

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Ukraine Inflation April 20 20

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: State Statistics Service of Ukraine.


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