Ukraine Core Inflation Rate

Ukraine's core inflation rate fell to 11% in September 2025, down from 11.4% in August 2025. This is the lowest rate since December 2024. The decrease was driven by larger supplies from the recent agricultural harvest which reduced food price increases. Monetary policy actions by the National Bank of Ukraine also helped ease price pressures. Labor market moderation also contributed to lower prices for services and non-food goods. Ukraine's record low core inflation rate was 3% in February 2020 and record high was 47.1% in April 2015.