: Inflation in Ukraine accelerates to 3.5% in April

10:42 May. 7, 2016

Inflation in Ukraine accelerates to 3.5% in April

UNIAN Photo.

In 2015 inflation in Ukraine rose to record 43.3%

Inflation in Ukraine in April 2016 to March 2016 sped up to 3.5% compared with the 1% March to February, according to the website of the State Statistics Service.

In annual terms, the inflation in April 2016 slowed down to 9.8% yoy from 20.9% recorded the previous month.

Since the year-start, in January-April 2106, consumer prices have risen 5.1%.

Read also Consumer prices rise 79% in Ukraine in two years of crisis

According to the data released, April saw prices increased most for natural gas - by 48.4%, fuel and oil - by 5.4%, and railway passenger transport - by 3.3% compared to the previous month

In annual terms, the biggest increase in prices was for hot water and central heating - by 77.7%, electricity - by 56.4%, water supply - by 37.2%.

The greatest decline in prices in April to March was recorded for eggs (15.2%), sugar (2.7%), and vegetables (2.1%).

In annual terms, the largest decline in prices was also recorded for eggs (15.2%), as well as fruits (10.4%), fuel and oil (1.9%).

State Statistics said that the data exclude the occupied Crimea and Sevastopol, as well as part of the zone of the Anti-Terrorist Operation in the country's east.

The National Bank of Ukraine predicted a slowdown in consumer price inflation in Ukraine down to 12% by the end 2016, while the International Monetary Fundforecast 15.1%, and the World Bank - 15%.

According to the expert consensus forecast compiled by UNIAN, inflation this year will slow to 19%.

State Budget of Ukraine for 2016 assumes an annual inflation rate of 12%, and the hryvnia exchange rate of about UAH 24.1 per dollar.

Reporting by UNIAN.

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