Inflation Ukraine 2022
Average inflation: 20.1%
Current Inflation
Inflation is very high at 20.1%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 26.6%. The lowest inflation was in January at 10.0%.
- Highest month
- October: 26.6%
- Lowest month
- January: 10.0%
- Difference
- 16.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 26.4%. The lowest price increase was in Energy with an average of 5.1%.
- Highest increase
- Food: 26.4%
- Lowest increase
- Energy: 5.1%
Historical Context
Current inflation is 9.9% higher than the 5-year average of 10.2%.
- 5-year average
- 10.2%
- 10-year average
- 14.1%
- All-time high (2015)
- 48.5%
- All-time low (2013)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +10.7 percentage point.
- Change vs. previous year
- +10.7 percentage points
- Largest monthly swing
- December: +16.6 percentage points
ECB Target
Inflation is 18.1% 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 €120.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 10.0% | +3.8 |
| February | 10.7% | +3.2 |
| March | 13.7% | +5.2 |
| April | 16.4% | +8.0 |
| May | 18.0% | +8.5 |
| June | 21.5% | +12.0 |
| July | 22.2% | +12.0 |
| August | 23.8% | +13.6 |
| September | 24.6% | +13.6 |
| October | 26.6% | +15.7 |
| November | 26.5% | +16.1 |
| December | 26.6% | +16.6 |
| Average | 20.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.