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Inflation in Ukraine accelerated to 1% in April, - State Statistics Service

The core inflation for the same period, on the contrary, decreased to 0.4%
18:57, 9 May 2019
Prices in the consumer market of Ukraine in April increased by 1.0% compared with the previous month. This is reported on the website of the State Statistics Service of Ukraine.
"Inflation in the consumer market in April 2019 compared with March 2019 was 1.0%, from the beginning of the year - 3.4%," the report says.

In particular, the prices for food and non-alcoholic beverages for the specified period increased by 1.4%, for clothes and footwear - by 1.9%, for housing and communal services - by 0.2%, for services related to health care - by 0.6%, for education - have not changed.

At the same time, it is noted that core inflation for the same period, on the contrary, decreased to 0.4%, and from the beginning of the year - by 2.1%.

In March inflation in Ukraine was 0.9%, in January-March - 2.4%.

The National Bank kept the inflation forecast of 6.3% in the current year and about 5% at the beginning of 2020.
Earlier the European Bank for Reconstruction and Development (EBRD) downgraded the forecast for Ukraine’s GDP growth in 2019 from 3% to 2.5%. This is stated in the bank's documents regarding May 2019.

It is expected that in 2020 the growth of gross domestic product will be 3%.

The slowdown in economic growth is associated with domestic political uncertainty caused by double elections. Because of this, a temporary growth slowdown to 2.5% is expected in 2019.

After the elections, implementation of reforms in combination with easing monetary policy will help to achieve stable growth. In this case, the growth of the economy will reach 3%.
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