Inflation Ukraine 2019
Average inflation: 7.9%
Current Inflation
Inflation is very high at 7.9%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 9.6%. The lowest inflation was in December at 4.1%.
- Highest month
- May: 9.6%
- Lowest month
- December: 4.1%
- Difference
- 5.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 8.1%. The lowest price increase was in Core inflation with an average of 2.5%.
- Highest increase
- Energy: 8.1%
- Lowest increase
- Core inflation: 2.5%
Historical Context
Current inflation is 11.4% lower than the 5-year average of 19.3%.
- 5-year average
- 19.3%
- 10-year average
- 12.7%
- All-time high (2015)
- 48.5%
- All-time low (2013)
- -0.2%
Trend
Inflation shows a downward trend. Compared to 2018, inflation has fallen by +3.1 percentage point.
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- December: -5.7 percentage points
ECB Target
Inflation is 5.9% 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 €107.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 9.2% | -4.9 |
| February | 8.8% | -5.2 |
| March | 8.6% | -4.6 |
| April | 8.8% | -4.3 |
| May | 9.6% | -2.1 |
| June | 9.0% | -0.9 |
| July | 9.1% | +0.2 |
| August | 8.8% | -0.2 |
| September | 7.5% | -1.4 |
| October | 6.5% | -2.9 |
| November | 5.1% | -4.9 |
| December | 4.1% | -5.7 |
| Average | 7.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.