Inflation Ukraine 2008
Average inflation: 25.3%
Current Inflation
Inflation is very high at 25.3%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 31.0%. The lowest inflation was in January at 19.5%.
- Highest month
- May: 31.0%
- Lowest month
- January: 19.5%
- Difference
- 11.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 36.1%. The lowest price increase was in Core inflation with an average of 11.4%.
- Highest increase
- Food: 36.1%
- Lowest increase
- Core inflation: 11.4%
Historical Context
Current inflation is 9.6% higher than the 5-year average of 15.7%. This approaches the highest level since records began (25.3% in 2008).
- 5-year average
- 15.7%
- 10-year average
- 15.7%
- All-time high (2008)
- 25.3%
- All-time low (2006)
- 9%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +12.5 percentage point.
- Change vs. previous year
- +12.5 percentage points
- Largest monthly swing
- May: +20.4 percentage points
ECB Target
Inflation is 23.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €125.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 19.5% | +8.7 |
| February | 21.8% | +12.1 |
| March | 26.2% | +16.1 |
| April | 30.2% | +19.7 |
| May | 31.0% | +20.4 |
| June | 29.4% | +16.5 |
| July | 27.0% | +13.5 |
| August | 26.0% | +11.7 |
| September | 24.6% | +10.2 |
| October | 23.3% | +8.6 |
| November | 22.2% | +6.9 |
| December | 22.3% | +5.7 |
| Average | 25.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.