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Ukraine Inflation Rate

Ukraine's inflation rate fell to 11.9% in September 2025. This is the lowest rate since November 2024, down from 13.2% in August 2025. The decrease resulted from falling food prices due to the new harvest. Core inflation also decreased due to monetary policy and labor market improvements. The National Bank of Ukraine kept its key policy rate at 15.5% to ensure foreign exchange stability and manage inflation expectations. Ukraine's record low inflation rate was 1.7% in May 2020 and record high was 60.9% in April 2015.

Monthly Historical Data (2015-2025)

(in %)
Month Inflation Rate
Sep 2025 11.9%
Aug 2025 13.2%
Jul 2025 14.1%
Jun 2025 14.3%
May 2025 15.9%
Apr 2025 15.1%
Mar 2025 14.6%
Feb 2025 13.4%
Jan 2025 12.9%
Dec 2024 12%
Nov 2024 11.2%
Oct 2024 9.7%
Sep 2024 8.6%
Aug 2024 7.5%
Jul 2024 5.4%
Jun 2024 4.8%
May 2024 3.3%
Apr 2024 3.2%
Mar 2024 3.2%
Feb 2024 4.3%
Jan 2024 4.7%
Dec 2023 5.1%
Nov 2023 5.1%
Oct 2023 5.3%
Sep 2023 7.1%
Aug 2023 8.6%
Jul 2023 11.3%
Jun 2023 12.8%
May 2023 15.3%
Apr 2023 17.9%
Mar 2023 21.3%
Feb 2023 24.9%
Jan 2023 26%
Dec 2022 26.6%
Nov 2022 26.5%
Oct 2022 26.6%
Sep 2022 24.6%
Aug 2022 23.8%
Jul 2022 22.2%
Jun 2022 21.5%
May 2022 18%
Apr 2022 16.4%
Mar 2022 13.7%
Feb 2022 10.7%
Jan 2022 10%
Dec 2021 10%
Nov 2021 10.3%
Oct 2021 10.9%
Sep 2021 11%
Aug 2021 10.2%
Jul 2021 10.2%
Jun 2021 9.5%
May 2021 9.5%
Apr 2021 8.4%
Mar 2021 8.5%
Feb 2021 7.5%
Jan 2021 6.1%
Dec 2020 5%
Nov 2020 3.8%
Oct 2020 2.6%
Sep 2020 2.3%
Aug 2020 2.5%
Jul 2020 2.4%
Jun 2020 2.4%
May 2020 1.7%
Apr 2020 2.1%
Mar 2020 2.3%
Feb 2020 2.4%
Jan 2020 3.2%
Dec 2019 4.1%
Nov 2019 5.1%
Oct 2019 6.5%
Sep 2019 7.5%
Aug 2019 8.8%
Jul 2019 9.1%
Jun 2019 9%
May 2019 9.6%
Apr 2019 8.8%
Mar 2019 8.6%
Feb 2019 8.8%
Jan 2019 9.2%
Dec 2018 9.8%
Nov 2018 10%
Oct 2018 9.5%
Sep 2018 8.9%
Aug 2018 9%
Jul 2018 8.9%
Jun 2018 9.9%
May 2018 11.7%
Apr 2018 13.1%
Mar 2018 13.2%
Feb 2018 14%
Jan 2018 14.1%
Dec 2017 13.7%
Nov 2017 13.6%
Oct 2017 14.6%
Sep 2017 16.4%
Aug 2017 16.2%
Jul 2017 15.9%
Jun 2017 15.6%
May 2017 13.5%
Apr 2017 12.2%
Mar 2017 15.1%
Feb 2017 14.2%
Jan 2017 12.6%
Dec 2016 12.4%
Nov 2016 12.1%
Oct 2016 12.4%
Sep 2016 7.9%
Aug 2016 8.4%
Jul 2016 7.9%
Jun 2016 6.9%
May 2016 7.5%
Apr 2016 9.8%
Mar 2016 20.9%
Feb 2016 32.7%
Jan 2016 40.3%
Dec 2015 43.3%
Nov 2015 46.6%
Oct 2015 46.4%
Sep 2015 51.9%
Aug 2015 52.8%
Jul 2015 55.3%
Jun 2015 57.5%
May 2015 58.4%
Apr 2015 60.9%
Mar 2015 45.8%

Recent Events

datetime event actual previous consensus
2025-10-09 09:00 AM Inflation Rate YoY (Sep) 11.9% 13.2% -
2025-09-09 09:00 AM Inflation Rate YoY (Aug) 13.2% 14.1% -

Next Release Date :

Ukraine Inflation Rate : Definition
Ukraine's inflation rate measures the year-over-year percentage change in the Consumer Price Index (CPI), published by the State Statistics Service. The most important categories are food and non-alcoholic beverages, housing, transport, and clothing.
Indicator Last Value Prior Value Period
Annual Inflation Rate 6.5% 12.85% 2024
Core Inflation Rate 11% 11.4% Sep'25
Inflation Rate MoM 0.3% -0.2% Sep'25
Producer Price Index (PPI) 7.3% 4.7% Aug'25