The motherland monument in Ukraine

Ukraine Inflation August 2023

Ukraine: Inflation falls to lowest level since April 2021 in August

Inflation came in at 8.6% in August, which was down from July’s 11.3%. August’s result marked the lowest inflation rate since April 2021. The reading was largely driven by softer growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing, water, electricity, gas and other fuels increased at a softer rate.

In addition, the trend pointed down, with annual average inflation coming in at 20.2% in August (July: 21.5%). Meanwhile, core inflation fell to 10.0% in August, from the previous month’s 12.3%.

Lastly, consumer prices dropped 1.39% over the previous month in August, which was below the 0.60% fall recorded in July. August’s result marked the weakest reading since August 2003.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest