Key Points:
- Inflation Slows: In June, the rate fell to 7.2% year-over-year.
- Core inflation: Accelerated to 8.1% due to rising labor and energy costs.
- Food: Fresh food prices fell due to increased supply, while processed food prices remained stable.
- Future risks: Prices are expected to rise due to increases in water rates, public transportation fares, and wages.
Inflation in Ukraine fell to 7.2% in June: price trends
According to the NBU, in June 2026, inflation in Ukraine fell to 7.2% year-over-year, while prices decreased by 0.1% month-over-month. Overall inflation figures are in line with the NBU’s April forecast, but core inflation accelerated to 8.1% due to rising business costs for wages, electricity, and fuel.
Key price changes
- Fresh produce: Prices fell by 0.2%. Pork, chicken, eggs, vegetables from summer greenhouses, and fruit became cheaper.
- Services: Prices rose for transportation services, car maintenance, driving lessons, and beauty services—service inflation accelerated to 13.7%.
- Processed foods: The growth rate remained at 10.4%. Sunflower oil and frozen prepared foods saw the largest price increases.
- Administratively Set Prices: Inflation accelerated to 10.7% due to higher water rates in some cities and rising prices for alcohol and tobacco.
- Fuel: Inflation fell to 33.4% due to lower prices for diesel and autogas in June.
Outlook
The National Bank warns that price pressures will increase in the coming months. The main drivers will be labor costs, as well as adjustments to water rates and public transportation fares.
