Inflation Ukraine 2021
Average inflation: 9.4%
Current Inflation
Inflation is very high at 9.4%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 11.0%. The lowest inflation was in January at 6.2%.
- Highest month
- September: 11.0%
- Lowest month
- January: 6.2%
- Difference
- 4.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 23.8%. The lowest price increase was in Core inflation with an average of 2.8%.
- Highest increase
- Energy: 23.8%
- Lowest increase
- Core inflation: 2.8%
Historical Context
Current inflation is around the 5-year average of 9.1%.
- 5-year average
- 9.1%
- 10-year average
- 12.1%
- All-time high (2015)
- 48.5%
- All-time low (2013)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +6.7 percentage point.
- Change vs. previous year
- +6.7 percentage points
- Largest monthly swing
- September: +8.7 percentage points
ECB Target
Inflation is 7.4% 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 €109.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 6.2% | +3.0 |
| February | 7.5% | +5.1 |
| March | 8.5% | +6.2 |
| April | 8.4% | +6.3 |
| May | 9.5% | +7.8 |
| June | 9.5% | +7.1 |
| July | 10.2% | +7.8 |
| August | 10.2% | +7.7 |
| September | 11.0% | +8.7 |
| October | 10.9% | +8.3 |
| November | 10.4% | +6.5 |
| December | 10.0% | +5.0 |
| Average | 9.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.