Ukraine: Inflation comes in at highest level since May 2023 in April
Latest reading: Inflation came in at 15.1% in April, which was up from March’s 14.6%. April’s result was the highest inflation rate in almost two years. The result was driven by increasing price pressures for food, alcoholic beverages, hospitality and communication. Meanwhile, price growth for housing, water, electricity, gas and other fuels and transportation softened.
The trend pointed up, with annual average inflation coming in at 9.9% in April (March: 8.9%). Meanwhile, core inflation fell to 12.1% in April from March’s 12.4%.
Lastly, consumer prices rose 0.70% in April over the previous month, which was below the 1.50% rise seen in March. April’s result marked the weakest reading since August 2024.