Ukraine Inflation March 2021


Ukraine: Inflation hits highest level since August 2019 in March

April 13, 2022

Consumer prices rose 4.50% in March over the previous month, accelerating from February's 1.59% increase. March's reading was the sharpest increase in prices since April 2015. Looking at the details of the release, the increase was chiefly driven by higher prices for food and non-alcoholic beverages, and clothing and footwear.

Inflation jumped to 13.7% in March, following February’s 10.7%. March's result represented the highest inflation rate since February 2017. Annual average inflation rose to 10.4% in March (February: 9.9%). Core inflation soared to 10.5% from the previous month's 8.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 24.0% in 2022, which is up 8.1 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 14.1%.


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Ukraine Inflation Chart

Ukraine Inflation February 2022 0

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

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