Latest reading: Consumer prices rose 1.9% on a year-on-year basis in July, following a 1.6% increase in the prior 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 rises in July from the prior month
Latest reading: Consumer prices increased 7.7% on a year-on-year basis in July, following a 7.2% rise in the prior month. Relative to the previous month's figures, there were higher price pressures for food and non-alcoholic beverages (+6.5% in annual terms vs +5.6% in June) and housing, water, electricity, gas and other fuels (+4.5% vs +2.9% in June). In contrast, price pressures reduced for transportation in July (+18.6% vs +19.0% in June). Meanwhile, core consumer prices were up 8.1% on a year-on-year basis in July, stable from the prior month's reading. Lastly, consumer prices rose 0.30% in July on a month-on-month basis, following a 0.10% fall in the prior 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 34 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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Japan: Inflation picks up in July from the prior month -
Netherlands: Inflation picks up in July from the prior month Latest reading: Harmonized consumer prices were up 3.0% on a year-on-year basis in July, following a 2.5% increase in the... -
Italy: Inflation eases in July from the prior month Latest reading: Harmonized consumer prices increased 2.9% in annual terms in July, following a 3.0% increase in the previous month.... -
Portugal: Inflation is unchanged in July Latest reading: Harmonized consumer prices were up 3.1% in annual terms in July, unchanged from the previous month’s reading. Relative... -
Bulgaria: Inflation ebbs in July from the prior month Latest reading: Harmonized consumer prices increased 4.4% on a year-on-year basis in July, following a 5.2% rise in the previous... -
Germany: Inflation rises in July from June Latest reading: Harmonized consumer prices rose 2.8% in annual terms in July, up from 2.4% in June and marking the... -
Estonia: Inflation stabilizes in July Latest reading: Harmonized consumer prices increased 2.0% in annual terms in July, unchanged from the previous month’s reading. July’s reading...