The annual inflation rate in Ukraine accelerated to 23.8 percent in August of 2022 from 22.2 percent in the previous month, the highest since February of 2016 and above the central bank’s estimate of 23 percent, as the country endured six months of Russia’s invasion. Costs accelerated for food and non-alcoholic beverages (30.7 percent vs 28.9 percent in July), driven by staples such as sugar and eggs, household items and furnishings (21.6 percent vs 16.2 percent), and restaurants and hotels (17.2 percent vs 16.4 percent). While not picking up, inflation remained at soaring levels for transportation (at 40.4 percent). On a monthly basis, consumer prices rose by 0.8 percent, picking up from the 0.5 percent increase in the prior month. source: State Statistics Service Of Ukraine
Inflation Rate in Ukraine averaged 30.50 percent from 1995 until 2022, reaching an all time high of 530.30 percent in September of 1995 and a record low of -1.20 percent in June of 2012. This page provides the latest reported value for - Ukraine Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ukraine Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Inflation Rate in Ukraine is expected to be 27.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine Inflation Rate is projected to trend around 12.00 percent in 2023 and 8.00 percent in 2024, according to our econometric models.