Ukraine Inflation June 2022


Ukraine: Inflation soars to over five-year high in June

July 11, 2022

Consumer prices rose 3.11% in June over the previous month, accelerating from May's 2.68% rise. The pick-up was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, alcoholic beverages and tobacco, and transportation.

Inflation came in at 21.5% in June, up from May’s 18.0%. June's result was the highest inflation rate since February 2016. Annual average inflation rose to 12.9% in June (May: 11.8%). Finally, core inflation rose to 1.2% in June, from May’s 0.7%.

FocusEconomics Consensus Forecast panelists expect inflation to average 20.5% in 2022, which is down 2.0 percentage points from last month’s forecast. For 2023, the panel sees inflation averaging 13.0%.


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Ukraine Inflation Chart

Ukraine Inflation June 2022

Note: Year-on-year and month-on-month changes of consumer price index in %.
Source: State Statistics Service of Ukraine.

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