Ukraine's annual inflation rises to 15.1%

In April, Ukraine's core inflation also increased by 0.4% compared to March. Since the beginning of the year, inflation in this country has increased by a total of 3.9%.

Prices of food and non-alcoholic beverages increased by 1.8% in April compared to March and by 19.8% compared to the same period in 2024. Fruits were the item with the highest price increase, up 7.9% in April and up 25.3% compared to last year.

In addition, prices of food items such as poultry, sugar, beef, fish and fish products, bread, etc. also increased from 0.2% to 2.5%. However, prices of clothing and footwear in April decreased by 4.4% compared to the same period in 2024.

Annual inflation in Ukraine continues to rise. Photo illustration: Kyiv Post/Depositphotos

Also in April, transportation costs fell 0.3%, although train fares and road passenger transport prices rose 0.8% and 0.9% respectively thanks to a 2.2% drop in gasoline prices.

The figures are in line with the Central Bank of Ukraine's (NBU) earlier forecast that inflation would continue to rise in the spring.

Current price pressures are exacerbated by factors such as rising business costs, especially labor and energy costs. In 2024, Ukrainian businesses raised real wages by 14.4% to retain and attract workers.

Price pressures in Ukraine increased from the second half of 2024, with non-food goods and services such as health care, transport, communications and entertainment also contributing to the rise in inflation.

In response, the NBU raised its key interest rate from 14.5% to 15.5% in early 2025. However, the NBU expects inflation to slow by the end of 2025.

“Inflation will return to a downward trajectory in the second half of the year and fall to single digits by the end of the year. Inflation will fall to the 5% target throughout the policy period,” NBU Governor Andrii Pyshny said.

(According to Kyiv Post, Interfax)

Source: https://hanoimoi.vn/lam-phat-hang-nam-cua-ukraine-tang-len-15-1-702125.html