Ukraine: Inflation hits 19-month high in March
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%).