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Inflation tops 60 percent in conflict-hit Ukraine

A closed bank and ATM in the eastern Ukrainian city of Donetsk, on March 1, 2015Annual inflation in strife-torn Ukraine soared to some 61 percent in April, the state statistics agency said Wednesday, as the conflict in the east of the country continued to roil the stricken economy. The turmoil in Ukraine has brutalised the country’s already faltering economy and the World Bank has predicted that GDP will plummet by some 7.5 percent this year. Ukraine is being propped up by a $17.5 billion financial bailout plan from the International Monetary Fund and has received some $5 billion of the aid in March.

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