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Ukraine Inflation May 2024

Ukraine: Inflation rises in May

Inflation rose to 3.3% in May, following April’s 3.2%. The reading was driven by accelerating price growth for housing and utilities, transport, and communication. Meanwhile, the fall in prices for food and non-alcoholic beverages was largely stable.

The trend pointed down, with annual average inflation coming in at 6.2% in May (April: 7.2%). Meanwhile, core inflation was stable, coming in at April’s 4.4% in May.

Finally, consumer prices rose 0.61% in May over the previous month, accelerating from April’s 0.19% rise. May’s figure marked the highest reading since December 2023.

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