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%.
Author: Nicolás J. Aguilar, Economist