Latest reading: Consumer prices rose 2.9% in annual terms in September, stable from the previous month’s reading and within the...
Inflation in Ukraine
Consumer price inflation in Ukraine averaged 14.6% in the ten years to 2024, in line with the CIS Countries regional average of 7.9%. The 2024 average figure was 6.5%. For more information on inflation, visit our dedicated page.
Ukraine Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Ukraine from 2014 to 2024.
Source: Macrobond.
Ukraine Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.7 | 9.3 | 20.1 | 13.4 | 6.5 |
| Inflation (CPI, ann. var. %, eop) | 5.0 | 10.0 | 26.6 | 5.1 | 12.0 |
| Inflation (PPI, ann. var. %, eop) | -1.6 | 40.8 | 47.3 | 24.2 | 19.7 |
Inflation eases in August
Latest reading: Inflation fell to 13.2% in August from July’s 14.1%, marking a seven-month low and the third consecutive decrease in price pressures. The moderation was due to softer price growth for food, aided by the arrival of the new harvest to the market. Moreover, milder price pressures for transportation capped the rise. Still, the headline figure remained above the Central Bank’s 5.0% target. Annual average inflation rose to 12.9% in August from 12.4% in July. Meanwhile, core inflation ticked down to 11.4% in August (July: 11.7%). Finally, consumer prices fell 0.20% in August, unchanged from July’s reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ukrainian inflation projections for the next ten years from a panel of 28 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Ukrainian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ukrainian inflation projections.
Want to get access to the full dataset of Ukrainian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Poland: Inflation stabilizes in September -
Qatar: Inflation stable in August Latest reading: Consumer prices increased 0.7% on a year-on-year basis in August, matching the rise seen in the prior month.... -
UAE: Dubai inflation cools in August Latest reading: Consumer prices in Dubai increased 2.4% on a year-on-year basis in August, down from the 2.9% rise seen... -
Australia: Inflation rises in August from the prior month Latest reading: Consumer prices increased 3.0% on a year-on-year basis in August, following a 2.8% rise in the prior month... -
Hong Kong: Inflation accelerates in August from the prior month but remains mild Latest reading: Consumer prices were up 1.1% on a year-on-year basis in August, following a 1.0% increase in the prior... -
Malaysia: Inflation rises in August from July Latest reading: Consumer prices were up 1.3% in annual terms in August, following a 1.2% increase in the prior month.... -
Japan: Inflation eases in August but remains above target Latest reading: Inflation came in at 2.7% in August, down from July’s 3.1%. August’s print was the weakest since October...