Consumer prices in Ukraine rose by 0.3% in July 2026 compared with June, while annual inflation accelerated to 7.7% from 7.2% a month earlier, according to data from the State Statistics Service of Ukraine. Since the beginning of the year, consumer prices have risen by 6%. In January–July 2026, they were 7.8% higher than in January–July 2025.
The acceleration in annual inflation is partly due to the base effect: in July 2025, prices fell by 0.2%. However, the current rate of 7.7% remains lower than the 8.2% recorded in May.
Core inflation slowed to 0.3% in July from 0.5% in June and 0.7% in May. On an annual basis, it remained at 8.1%.
The trends in individual components of the consumer basket varied significantly. Food and non-alcoholic beverages fell in price by 0.2% over the month, while clothing and footwear fell by 4.8%. At the same time, housing and utilities rose by 1.6%, and transportation by 1.3%.
At the end of July, the NBU raised its inflation forecast for the end of 2026 from 9.4% to 10%, and its core inflation forecast from 7.2% to 9.2%. The regulator attributes the increase in underlying price pressures to rising business costs for logistics, labor, and energy resources.
Data from the State Statistics Service excludes territories temporarily occupied by Russia and parts of the country where hostilities are ongoing or have taken place.
