Ukraine inflation rises to 7.7% in July as consumer prices climb again
Consumer prices in Ukraine rose 0.3% in July 2026 after falling 0.1% in June and increasing 0.9% in May and 1.4% in April, the State Statistics Service, or Derzhstat, reported.
In July 2026, inflation in Ukraine escalated to 7.7%, driven by a rise in consumer prices, according to the State Statistics Service. This surge marked a significant increase from 7.2% in June, although it remained below the 8.2% recorded in May. However, core inflation, which excludes volatile food and energy prices, decelerated to 0.3% in July, from 0.5% in June and 0.7% in May.
This moderation kept the annual core inflation rate steady at 8.1%, unchanged from July 2025. Ukraine's inflationary trend has fluctuated significantly over the past few years. It dropped to 5.1% in 2023 after peaking at 26.6% in 2022, and subsequently climbed to 12% in 2024. In June 2026, consumer prices increased by 0.3% compared to May, after surging 0.8% in May and 1.4% in April.
Prior to July, consumer prices had declined by 0.2% in July 2025, marking a second consecutive month of decreases following rises of 0.8% in June and 1.3% in May. Earlier in October, the National Bank of Ukraine reduced its 2025 inflation forecast from 9.7% to 9.2%, while maintaining its 2026 projection at 6.6%. Notably, consumer prices rose by 0.2% in December 2025, after accelerating to 1% in February 2026 from 0.7% in January.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
