Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Ukraine
Consumer price inflation in Ukraine averaged 14.1% in the ten years to 2022, significantly above the Eastern Europe regional average of 7.7%. The 2022 average figure was 20.1%. For more inflation information, visit our dedicated page.
Ukraine Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Ukraine from 2014 to 2023.
Source: Macrobond.
Ukraine Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 7.9 | 2.7 | 9.3 | 20.1 | 13.4 |
| Inflation (CPI, ann. var. %, eop) | 4.1 | 5.0 | 10.0 | 26.6 | 5.1 |
| Inflation (PPI, ann. var. %, eop) | 4.1 | -1.6 | 62.2 | 47.3 | 24.2 |
Inflation ticks up to highest level since December 2023 in June
Inflation increased to 4.8% in June, above May’s 3.3%. June's result was the highest inflation rate since December 2023. The uptick was primarily driven by a softer fall in prices for food and non-alcoholic beverages. In addition, price pressures for transport plus housing, water, electricity, gas and other fuels rose at a quicker pace. Annual average inflation fell to 5.5% in June (May: 6.2%). Meanwhile, core inflation rose to 5.0% in June from May’s 4.4%. Lastly, consumer prices increased 2.19% over the previous month in June, picking up from May's 0.61% increase. June's result was the highest reading since October 2022.
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 27 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.
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