Inflation slows down to 0.7% in April
Consumer prices across Ukraine increased by 0.7% in April, decelerating from March’s 1.5% inflation rate, the State Statistics Service reported on May 9.
According to the official data, prices had risen by 1.2% in January and 0.8% in February.
However, year-over-year inflation climbed to 15.1% in April from 14.6% in March and 13.4% in February.
Core inflation also slowed notably in April, easing to 0.4% from 1.4% in March, 0.7% in February, and 1.3% in January. With core inflation at 0.0% in April 2024, the annual rate edged down to 12.1% from 12.4% in March.
The National Bank of Ukraine (NBU) revised its 2025 inflation forecast upward for the second time this year, from 8.4% to 8.7%, while maintaining its expectation that inflation will return to its 5% target in 2026. The NBU projects inflation will fall to 13.7% by the end of Q2 and to 12.3% in Q3, with core inflation reaching 12.7% and 11.4% over the same periods, respectively.
The International Monetary Fund forecasts inflation in Ukraine will be 12.6% in 2025 and 7.7% in 2026.
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