Ukraine’s inflation is 3.1% in April, accelerates to 16.4% y-o-y – statistics

The growth of consumer price 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 has said on Tuesday.

In April 2021, inflation was 0.7%, so in annual terms, while in April 2022 it rose to 16.4% from 13.7% in March, some 10.7% in February and 10% in January, the agency said.

Underlying inflation also fell 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 2022, for its first four months, inflation in Ukraine amounted to 10.9%, and the underlying inflation was 8.1%, the State Statistics Service said.

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