Latest reading: Consumer prices increased 3.1% on a year-on-year basis in May, following a 3.2% increase in the previous month....
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 2025.
Source: Macrobond.
Ukraine Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 9.3 | 20.1 | 13.4 | 6.5 | 12.8 |
| Inflation (CPI, ann. var. %, eop) | 10.0 | 26.6 | 5.1 | 12.0 | 8.0 |
| Inflation (PPI, ann. var. %, eop) | 40.8 | 47.3 | 24.2 | 19.7 | 18.0 |
Inflation accelerates in April from March
Latest reading: Consumer prices increased 8.6% in annual terms in April, following a 7.9% rise in the prior month. Relative to the prior month's figures, there were higher price pressures for food and non-alcoholic beverages (+9.6% on a year-on-year basis vs +9.5% in March), housing, water, electricity, gas and other fuels (+1.9% vs +1.7% in March) and transportation (+19.1% vs +13.4% in March). Meanwhile, core consumer prices increased 7.6% on a year-on-year basis in April, following a 7.1% rise in the previous month. Lastly, consumer prices rose 1.40% in April on a month-on-month basis, following a 1.70% rise in the previous month.
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 33 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
-
Poland: Inflation inches down in May from April -
Qatar: Inflation eases in April Latest reading: Consumer prices were up 2.6% in annual terms in April, following a 4.2% rise in the previous month,... -
Australia: Inflation decelerates in April from the prior month Latest reading: Consumer prices increased 4.2% on a year-on-year basis in April, following a 4.5% increase in the prior month.... -
Singapore: Inflation is stable in April Latest reading: Consumer prices increased 1.8% in annual terms in April, stable from the previous month’s reading. Relative to the... -
Malaysia: Inflation rises in April from the prior month Latest reading: Consumer prices increased 1.9% in annual terms in April, following a 1.7% increase in the prior month. April’s... -
Ireland: Inflation is stable in April Latest reading: Harmonized consumer prices were up 3.6% on a year-on-year basis in April, unchanged from the prior month’s reading.... -
Euro Area: Inflation rises in April from March Latest reading: Harmonized consumer prices increased 3.1% in annual terms in April, following a 2.6% rise in the prior month....