Business news from Ukraine

INFLATION IN UKRAINE IN ANNUAL TERMS INCREASED TO 16.4% – STATE STATISTICS SERVICE

11 May , 2022  

Consumer price growth in Ukraine in April 2022 slowed to 3.1% from 4.5% in March, but exceeded 1.6% in February and 1.3% in January, the State Statistics Service (Gosstat) reported on Tuesday.

In April last year, inflation was 0.7%, so in annual terms in April this year it rose to 16.4% from 13.7% in March, 10.7% in February and 10% in January, the agency said.

Core inflation also eased to 3% last month from 3.8% in March. However, taking into account 0.7% in April 2021 in annual terms, it increased to 13% from 10.5% in March, 8.2% in February and 7.6% in January.

Since the beginning of this year, for its first four months, inflation in Ukraine amounted to 10.9%, and the base – 8.1%, said the State Statistics Service.

The National Bank of Ukraine, as reported by its head Kirill Shevchenko, expected an increase in inflation in April to 15.9%.

As reported, in 2021 inflation in Ukraine rose to 10% from 5% in 2020 and 4.1% in 2019, while core inflation rose to 7.9% against 4.5% a year earlier.

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