Ukraine Inflation April 2021


Ukraine: Inflation hits over six-year high in April amid Russian invasion

May 11, 2022

Consumer prices increased 3.1% over the previous month in April, slowing down from the 4.5% increase recorded in March. April’s result was mainly driven by lower prices for food.

Inflation inched rose to 16.4% in April from March’s 13.7%, marking the highest figure in over six years. Annual average inflation rose to 11.0% in April (March: 10.4%). Lastly, core inflation came in at 13.0% in April from the previous month's 10.5% increase.

FocusEconomics Consensus Forecast panelists expect inflation to average 22.5% in 2022, which is unchanged from last month’s forecast. For 2023, the panel sees inflation averaging 14.4%.


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Ukraine Inflation Chart

Ukraine Inflation April 2022 1

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

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