Ukraine's inflation is likely to ease in April into single digits for the first time in two years, tumbling to 7.4 percent year-on-year from 60.4 percent in the same month a year ago, a Reuters poll of analysts showed on Friday. In March 2016 inflation slowed to 20.9 percent year-on-year from 32.7 percent in February.
Slowing inflation reflects Ukrainians' weakening purchasing power as a result of austerity measures imposed under a bailout from the International Monetary Fund, including a freeze of wages and welfare payments. The hryvnia currency was relatively stable in April, helping curb prices for imports and supporting disinflationary trends.
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