Inflation in Ukraine accelerates to 8.6% YoY in April - statistics service

MOSCOW. May 7 (Interfax) - Consumer price growth in Ukraine in April 2026 slowed to 1.4% from 1.7% in March, compared with 1% in February and 0.7% in January 2026, Ukrainian media reported citing the State Statistics Service.

Considering that prices grew 0.7% in April 2025, inflation in April 2026 rose to 8.6% year-on-year from 7.9% in March, 7.6% in February, and 7.4% in January.

In April 2026, core inflation decreased to 0.9% from 1.5% in March, compared to 0.7% in February and 0.4% in January. Given that core inflation in April 2025 was 0.4%, it increased year-on-year to 7.6% in April 2026 from 7.1% in March and 7% in February and January.

As reported, inflation in Ukraine jumped to 26.6% in 2022, before falling to 5.1% in 2023. It rose again to 12% in 2024 and then decreased to 8% in 2025, in part due to the National Bank of Ukraine's (NBU) fairly tight monetary policy.

At the end of April this year, the NBU worsened its inflation forecast for 2026 to 9.4% from 7.5%, and for 2027, to 6.5% from 6%, compared to its previous forecast.