Latest reading: Harmonized consumer prices rose 1.1% on a year-on-year basis in February, following a 0.4% increase in the prior...
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
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.7 | 9.3 | 20.1 | 13.4 | 6.5 |
| Inflation (CPI, ann. var. %, eop) | 5.0 | 10.0 | 26.6 | 5.1 | 12.0 |
| Inflation (PPI, ann. var. %, eop) | -1.6 | 40.8 | 47.3 | 24.2 | 19.7 |
Inflation decelerates in January from December
Latest reading: Consumer prices were up 7.4% on a year-on-year basis in January, following a 8.0% increase in the prior month. January's reading was the weakest since July 2024. Relative to the previous month's figures, there were reduced price pressures for food and non-alcoholic beverages (+9.7% in annual terms vs +10.2% in December), housing, water, electricity, gas and other fuels (+2.2% vs +2.3% in December) and transportation (+5.9% vs +6.1% in December). Meanwhile, core consumer prices increased 7.0% in annual terms in January, following a 8.0% increase in the previous month. Lastly, consumer prices increased 0.70% in January on a month-on-month basis, following a 0.20% increase 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 31 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
-
France: Inflation rises in February from the prior month -
Argentina: Inflation picks up in February from January Latest reading: Consumer prices increased 33.1% in annual terms in February, following a 32.4% increase in the prior month. Relative... -
Sweden: Inflation ebbs in February from the prior month Latest reading: Consumer prices with a fixed interest rate (CPIF) increased 1.7% on a year-on-year basis in February, following a... -
United States: Inflation stabilizes in February Latest reading: Consumer prices were up 2.4% on a year-on-year basis in February, unchanged from the prior month’s reading. February’s... -
Mexico: Inflation rises in February from the prior month Latest reading: Consumer prices were up 4.0% on a year-on-year basis in February, following a 3.8% rise in the previous... -
Belarus: Inflation hits one-year low in February Latest reading: Consumer prices increased 5.6% in annual terms in February, following a 6.4% increase in the previous month. February’s... -
Taiwan: Inflation picks up in February from January Latest reading: Consumer prices increased 1.8% in annual terms in February, following a 0.7% increase in the prior month. February’s...