FX.co ★ Ukraine Inflation Rises to Near 2-Year High

In April 2025, Ukraine witnessed an uptick in its annual inflation rate, reaching 15.1%, up from 14.6% in March. This marks the 11th consecutive monthly increase, culminating in the highest inflation rate since May 2023. This development aligns with warnings from the National Bank of Ukraine, which had anticipated that climbing inflation expectations could push price increases beyond projections. The inflation surge was chiefly driven by spikes in the costs of food and non-alcoholic beverages (19.8%), alcoholic beverages (17.4%), and communication services (18.5%). Meanwhile, transportation costs saw a relatively modest increase at 6.9%. On a month-to-month basis, consumer prices in Ukraine experienced a 0.7% rise.