Inflation Ukraine 2018
Average inflation: 11.0%
Current Inflation
Inflation is very high at 11.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 14.1%. The lowest inflation was in July at 8.9%.
- Highest month
- January: 14.1%
- Lowest month
- July: 8.9%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 11.3%. The lowest price increase was in Core inflation with an average of 2.6%.
- Highest increase
- Food: 11.3%
- Lowest increase
- Core inflation: 2.6%
Historical Context
Current inflation is 9.2% lower than the 5-year average of 20.2%.
- 5-year average
- 20.2%
- 10-year average
- 13.5%
- All-time high (2015)
- 48.5%
- All-time low (2013)
- -0.2%
Trend
Inflation shows a downward trend. Compared to 2017, inflation has fallen by +3.4 percentage point.
- Change vs. previous year
- -3.4 percentage points
- Largest monthly swing
- September: -7.5 percentage points
ECB Target
Inflation is 9.0% 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 €111.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 14.1% | +1.5 |
| February | 14.0% | -0.2 |
| March | 13.2% | -1.9 |
| April | 13.1% | +0.9 |
| May | 11.7% | -1.8 |
| June | 9.9% | -5.7 |
| July | 8.9% | -7.0 |
| August | 9.0% | -7.1 |
| September | 8.9% | -7.5 |
| October | 9.4% | -5.2 |
| November | 10.0% | -3.5 |
| December | 9.8% | -3.9 |
| Average | 11.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.