Ukraine Inflation Rises to 1-Year High

2026-11-10 13:17 By Andre Joaquim 1 min. read

The annual inflation rate in Ukraine jumped to 11% in October of 2026 from 10% in the previous month, the highest in over one year.

The pickup in inflation was aligned with warnings from the National Bank of Ukraine, which restarted an aggressive hiking cycle to balance aggregate demand with setbacks to supply chains and logistics damaged by Russian attacks.

Transportation costs surged by 30.1% amid a 53.9% increase in fuel and lubricants, largely due to Russian strikes on Ukrainian refineries and fuel infrastructure.

Meanwhile, prices on restaurants and hotels jumped by 19.8%.

While remaining high on historical standards, inflation was below the headline index for food and non-alcoholic beverages (9.3%) and housing and utilities (7.4%).

From the previous month, Ukrainian consumer prices rose 1.8%.



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Ukraine Inflation Rises to 1-Year High
The annual inflation rate in Ukraine jumped to 11% in October of 2026 from 10% in the previous month, the highest in over one year. The pickup in inflation was aligned with warnings from the National Bank of Ukraine, which restarted an aggressive hiking cycle to balance aggregate demand with setbacks to supply chains and logistics damaged by Russian attacks. Transportation costs surged by 30.1% amid a 53.9% increase in fuel and lubricants, largely due to Russian strikes on Ukrainian refineries and fuel infrastructure. Meanwhile, prices on restaurants and hotels jumped by 19.8%. While remaining high on historical standards, inflation was below the headline index for food and non-alcoholic beverages (9.3%) and housing and utilities (7.4%). From the previous month, Ukrainian consumer prices rose 1.8%.
2026-11-10
Ukraine Inflation Climbs to 11-Month High
Ukraine’s annual inflation rate rose to 10% in September 2026, the highest level since October 2025, up from 8.1% in the previous month. Transport inflation accelerated to 26.9% from 23.8% in August, while inflation also accelerated sharply for housing and utilities to 6.3% from 5.6%, and for food to 8.9% from 6%. Price growth also picked up for furnishings (7.3% vs. 5.7%). Meanwhile, inflation in restaurants and hotels eased to 13.2% from 13.7%, while deflation in clothing and footwear moderated slightly to 4.7% from 4.9%. On a monthly basis, consumer prices surged 2.1%, the largest increase since June 2024, following a 0.1% rise in August.
2026-10-09
Ukraine Inflation Accelerates in August
The annual inflation rate in Ukraine rose to 8.1% in August 2026 from 7.7% in the previous month, marking the highest reading in three months. Transport inflation jumped to 23.8% from 18.6% in July, while housing, water, electricity, gas and other fuels rose to 5.6% from 4.5%. Inflation also increased for furnishings and household equipment (5.7% vs 5.0%), clothing and footwear (5.1% vs 4.4%), and restaurant and hotel inflation (13.7% vs 13.2%). In contrast, price growth eased for food and non-alcoholic beverage inflation (6.0% vs 6.5%) and communication (13.6% vs 16.5%). On a monthly basis, consumer prices increased by 0.1% in August, following a 0.3% gain in the preceding month.
2026-09-09