Inflation rate up in Ukraine

Inflation in Ukraine in April 2019 in annual terms stood at 8.8%, accelerating from 8.6% in annual terms a month earlier, as reported on the website of the State Statistics Service of Ukraine.

Prices rose in April against the previous month by 1% after rising by 0.9% in March against February.

Compared with December 2018, consumer prices in April rose by 3.4%.

According to the State Statistics Service, the largest price increase in annual terms was recorded for vegetables (47.1%), railway passenger transportation (28.9%), road passenger transportation (24.6%), sewerage services (24.2%), and natural gas (22.9%).

Decline in prices was recorded for eggs (25.3%), fruit (22.5%), sugar (5.3%), fuel and oils (0.2%).

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It is also reported that core inflation in Ukraine in April amounted to 7.4% in annual terms, 0.4% - to the previous month and 2.1% - to December 2018.

The State Statistics Service recalled that the data are given excluding the occupied Crimea and Sevastopol, as well as the occupied territories in Donetsk and Luhansk regions.

As UNIAN reported earlier, inflation in Ukraine in March 2019 in annual terms was 8.6%, slowing down from 8.8% a month earlier.

The state budget of Ukraine for 2019 is based on a macroeconomic forecast with real GDP growth of 3% with inflation of 7.4%.

The National Bank of Ukraine predicts a slowdown in inflation to 6.3% in 2019, while the International Monetary Fund and the World Bank say it will be 7.3%.

According to the consensus forecast of experts polled by UNIAN, this year Ukraine is expected to see a slowdown in consumer price growth to 7.2%.