Ukraine Inflation March 2021


Ukraine: Inflation hits 19-month high in March

April 9, 2021

Consumer prices rose 1.70% over the previous month in March, picking up pace from the 0.99% increase logged in February. March’s reading largely reflected higher prices for transportation. Moreover, prices for housing and utilities flatlined, contrasting February’s marked fall.

Inflation rose to 8.5% in March, following February’s 7.5%, the highest reading since August 2019 and moving further above the Central Bank’s target range of 4.0%-6.0%. Annual average inflation rose to 3.9% from the prior month’s 3.4%. Lastly, core inflation edged up to 5.9% (February: 5.6%).

FocusEconomics Consensus Forecast panelists project inflation to end 2021 at 6.4%, which is up 0.4 percentage points from last month’s forecast. For 2022, the panel sees year-end inflation at 5.4%.


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Ukraine Inflation Chart

Ukraine Inflation March 2021

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

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