Inflation Ukraine 2014
Average inflation: 12.1%
Current Inflation
Inflation is very high at 12.1%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 24.8%. The lowest inflation was in January at 0.5%.
- Highest month
- December: 24.8%
- Lowest month
- January: 0.5%
- Difference
- 24.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 16.2%. The lowest price increase was in Core inflation with an average of 3.1%.
- Highest increase
- Energy: 16.2%
- Lowest increase
- Core inflation: 3.1%
Historical Context
Current inflation is 6.1% higher than the 5-year average of 6.0%.
- 5-year average
- 6%
- 10-year average
- 10.3%
- All-time high (2008)
- 25.3%
- All-time low (2013)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2013, inflation has risen by +12.3 percentage point.
- Change vs. previous year
- +12.3 percentage points
- Largest monthly swing
- December: +24.2 percentage points
ECB Target
Inflation is 10.1% 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 €112.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 0.5% | +0.7 |
| February | 1.1% | +1.6 |
| March | 3.3% | +4.1 |
| April | 6.8% | +7.6 |
| May | 10.7% | +11.1 |
| June | 11.9% | +12.0 |
| July | 12.4% | +12.4 |
| August | 14.2% | +14.6 |
| September | 17.5% | +18.0 |
| October | 19.9% | +20.0 |
| November | 21.9% | +21.7 |
| December | 24.8% | +24.2 |
| Average | 12.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.