Inflation in Ukraine reached 15.1%

Published May 13, 2025

Tridge summary

In April 2025, inflation in Ukraine rose to 15.1% annually and 0.7% monthly, according to the National Bank. This increase was largely due to the residual effects of last year's poor harvests, a rise in prices for alcoholic beverages and tobacco products, and high business costs. The rate of increase in food prices, especially for raw food products, was significant, with flour and cereals, fruits and vegetables experiencing the highest increase due to low supply. However, the cost of non-food goods saw a slower increase of 3.8% annually. Administratively regulated prices increased by 19.5% due to rising production costs, but the growth rate of fuel prices slowed down to 3.7%. The National Bank and Ukrainian farmers anticipate an increase in the harvest for 2025.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In April 2025, inflation accelerated to 15.1% in annual terms, and in monthly terms, prices increased by 0.7%. This was reported by the NBU. The growth of consumer prices was slightly lower than the trajectory of the National Bank's forecast. The acceleration of inflation last month was largely due to the residual effects of last year's poor harvests and a further increase in prices for alcoholic beverages and tobacco products. High business costs for labor in conditions of a shortage of personnel and brisk consumer demand remained pro-inflationary factors. The growth rate of prices for raw food products accelerated to 22.2%. Flour and cereals, fruits and vegetables (primarily borscht sets) rose faster due to the low supply of quality products. An additional factor was the seasonal shift in demand for certain food products, primarily eggs, due to Easter, which fell in April this year. The growth in the cost of non-food goods slowed down to 3.8% y/y. This was facilitated, in ...

Source: Agropolit