Fuel prices in Ukraine continue to decline—this applies primarily to diesel, which has dropped by another 1–3 UAH per liter over the past five days, according to price monitoring at select gas station chains conducted by Energoreforma.
According to the report, natural gas prices have also fallen by up to 1 UAH per liter.
Gasoline prices remain stable, at the same level as on June 17.
According to calculations by Serhiy Kuyun, director of the consulting firm “A-95,” the price of diesel fuel has already dropped by more than 12 UAH per liter from its peak of over 90 UAH per liter.
He noted that at the start of the crisis, the price of diesel fuel was 62 UAH per liter.
The expert also pointed out that smaller retail chains, which do not have remaining stocks of fuel purchased at high prices, are lowering their prices more aggressively.
Regarding gasoline, Kuyun explained that there is no noticeable downward trend, since the difference between the purchase price (customs value) and the retail price during the “Iranian crisis” only returned to its pre-crisis February level in June.
“In other words, there are no excess profits that could explain the slowdown in price reductions. Gasoline margins have completely collapsed, which is why prices aren’t really falling. Gas stations’ finances are currently being propped up by diesel, though that doesn’t prevent diesel prices from falling sharply,” Kuyun wrote.
At the same time, the director of “A-95” emphasized that Russian attacks on gas station networks continue, and these losses are also putting pressure on their finances.
“Last week, one of the major chains lost an oil depot containing $1.5 million worth of fuel. Another chain reports that it suffers 15–20 ‘lightning strikes’ every week in frontline regions. WOG has already lost 6–7 gas stations, each worth $1 million. Gasoline and natural gas tankers are burning,” Kuyun described the situation.
He also noted that there had been an initiative to create a fund to compensate for these losses, but so far there are no sources of funding for it.
Kuyun pointed out that current global prices are not the only factor in pricing, but given the level of competition and the large number of gas stations, supply sources, and logistical capabilities in the Ukrainian market, in his opinion, there is no chance of operating under any rules other than market ones.
For his part, Volodymyr Omelchenko, director of energy and infrastructure programs at the Razumkov Center, noted that autogas is once again becoming more cost-effective than gasoline, having dropped by more than 5 UAH/liter in one month and more than 7 UAH/liter in two months.
Meanwhile, gasoline prices fell by only 1.1 UAH per liter over the same period. He noted that currently, a liter of LPG costs approximately 56% of the price of a liter of A-95.
Omelchenko attributed this, in particular, to a decline in the wholesale price of LPG, which fell by 3.46 UAH per liter over the past month.
According to him, propane and butane prices have fallen in Europe, and the import parity for LPG has also declined since its April peak. As of June 19, it stood at 34.43 UAH per liter, compared to 40.95 UAH per liter on April 16.
However, he also noted that the price cap at gas stations is determined not only by European quotations but also by the influence of wholesale prices, logistics, taxes, exchange rates, security risks, and the safety margins of the networks themselves.
“Therefore, a decrease in external prices does not always immediately translate into an equivalent decrease at the retail level,” Omelchenko said.
As previously reported, fuel prices in Ukraine began to decline around mid-June amid reports of a stabilizing situation in the Middle East and falling oil prices. On June 19, Pavlo Kyrylenko, head of the Antimonopoly Committee of Ukraine, convened fuel market participants to discuss the situation.
He drew their attention to the fact that over the past few weeks, global markets have seen a significant drop in prices for crude oil and petroleum products, but in Ukraine, the pace of decline in retail fuel prices remains significantly slower than the pace of their previous rise.
Market participants were asked to provide further explanations regarding the reasons for the slower decline in petroleum product prices compared to their previous rapid rise, as well as the factors influencing how quickly lower petroleum product costs are reflected in prices for end consumers.
On June 17, Natalia Nikeshina, marketing director of the national network of gas stations operating under the Parallel brand, predicted that the potential for price reductions ranges from 6 UAH to 12 UAH per liter. According to her, the largest drop can be expected if European prices do indeed fall to pre-crisis levels.
The housing price index in Ukraine for January–March 2026 stands at 117.2%, compared to 111.2% for the same period in 2025, according to the State Statistics Service (SSS).
According to its data, in the primary market, prices for housing accelerated their growth to 17.3% in the first quarter of 2026, compared to 14.8% in the first quarter of last year. At the same time, apartments in the primary market rose in price by 17.3%, and single-family homes by 16.4%.
In the secondary market, prices accelerated their growth to 17.1% in January–March 2026, compared to 9.3% during the same period in 2025. Specifically, apartment prices rose by 17.9%, while house prices rose by 15.4%.
According to the statistics agency, compared to the previous quarter, housing prices rose by 6.1%, with a 4.8% increase in the primary market and a 6.6% increase in the secondary market.
In the first quarter, apartment prices in the primary market rose by 4.2% compared to the previous quarter, while house prices rose by 7.5%. In the secondary market, prices rose by 5.9% and 7.8%, respectively, the State Statistics Service noted.
The State Statistics Service also compared current price figures with the annual averages for 2019. Thus, in the first quarter of 2026, prices for housing rose by 132.3%.
According to the State Statistics Service, housing prices rose by 12.8% in 2025 and by 12.7% in 2024.
As reported, an updated methodology for the state statistical survey “Changes in Housing Market Prices” has been in effect since the first quarter of 2026, which the State Statistics Service approved to comply with the requirements of European Commission (EU) Regulation 2025/1182 of June 17, 2025.
In the fourth quarter of 2025, housing prices in the European Union rose by 5.5% year-on-year, and by 5.1% in the eurozone. Compared to the third quarter of 2025, growth stood at 0.8% for the EU and 0.6% for the eurozone. Eurostat released the latest data on April 7.
Among EU countries, an annual price decline was recorded only in Finland, at 3.1%. The highest growth rates were seen in Hungary, where housing prices rose by 21.2%, Portugal, by 18.9%, and Croatia, by 16.1%. On a quarterly basis, prices rose the most in Slovenia (5.1%), Hungary (4.2%), and Portugal (4.0%), while declines were observed in France, Finland, and Estonia.
New statistics confirm that the European housing market remains in a phase of sustained price appreciation following the 2023 correction. According to Eurostat, after negative trends in the second and third quarters of 2023, price growth in the EU resumed and by 2025 had once again settled above the 5% mark on an annual basis.
A broader analysis of Eurostat’s housing data shows that this is not a short-term spike but part of a long-term trend. By the end of 2024, housing prices in the EU were 53% higher than in 2010, while rents rose by 25% over the same period, and inflation stood at 39%. Separately, in its statistical review for Q4 2025, Eurostat notes that from 2015 to the end of 2025, housing prices in the EU rose by 64.9%, while rental rates increased by 21.8%.
For the market, this means that real estate in the EU is appreciating faster than both consumer prices and rents, and the main pressure is now shifting to countries in Central and Southern Europe, where growth rates are significantly higher than the European average. Against this backdrop, investors and developers are likely to continue focusing on markets with double-digit price growth, primarily in Hungary, Portugal, and Croatia.
A sharp rise in global RAM (DRAM) prices and the possible end of Apple’s preferential contracts with key suppliers Samsung and SK Hynix in 2026 could lead to higher prices for iPhones, Macs, and other Apple devices. However, Apple itself has not yet announced any price increases, and expert estimates remain forecasts.
According to industry sources, Apple’s long-term DRAM supply agreements are nearing their end, and as early as January 2026, the company may be forced to pay Samsung and SK Hynix significantly higher prices for memory. This is reported, in particular, by Wccftech, noting that the bargaining position of memory manufacturers has strengthened amid a global shortage and a boom in demand from AI data centers.
The DRAM market is already experiencing a massive price rally. According to TrendForce, the cost of advanced memory for 2025 has increased by approximately 50%, and in the fourth quarter, additional growth of about 30% is expected, with a possible further increase of 20% in early 2026. Taken together, this could lead to a doubling of prices for high-performance memory in a relatively short period of time.
Separately, Reuters reported that Samsung raised its contract prices for 32GB DDR5 modules to $239 at the end of 2025, up from $149 in September — an increase of nearly 60% amid worsening shortages and a shift in supply toward the server and AI segments.
Analysts note that Apple is traditionally protected from short-term price spikes thanks to large long-term contracts and purchase volumes. According to Macworld, it is these agreements that have so far allowed the company to keep its internal memory costs under control, despite rising prices on the open market. However, as these contracts expire and suppliers move to shorter-term and more expensive deals, pressure on device costs will increase.
Against this backdrop, some research and industry resources predict that in 2026, smartphone and laptop manufacturers, including Apple, will be faced with a choice: either raise retail prices, reduce the amount of RAM in basic configurations, or accept lower margins. A number of analytical reviews are already warning of a possible increase in the cost of smartphones and PCs in 2026 due to a shortage of memory and an increase in its cost.
At the same time, there have been no official statements from Apple about a planned increase in product prices in connection with the situation on the DRAM market. The industry media experts surveyed emphasize that the final decision will depend on the company’s strategy: part of the cost increase may be offset by more expensive memory upgrades, part by a selective revision of prices for new models, and part by internal reserves and optimization.
Apartment prices in Serbia in the second quarter of 2025 were 5.78% higher than a year earlier; compared to the first quarter, the increase was 1.36%, according to the statistics agency. In the old housing stock, annual growth reached 5.89%, and in new buildings, 5.57%.
According to Eurostat data for the same period, the average growth in housing prices in the EU was 5.4% year-on-year, with significant variations: from a decline of 1.33% in Finland to growth of 17.23% in Portugal, 15.51% in Bulgaria, and 15.12% in Hungary.
The main trends in the real estate market in Serbia at the moment are as follows:
1) The balance of demand is shifting in favor of fully finished apartments and energy-efficient new buildings in large agglomerations, primarily in Belgrade and Novi Sad.
2) The price gap between new buildings and secondary housing remains significant, but the rates of increase are similar — 5.57% versus 5.89% year-on-year, indicating broad demand support for both segments.
3) The external background is neutral-positive: Serbian dynamics are close to the European average, but without the overheating characteristic of a number of EU markets.
Vera Yegorova-Tolsta, director of the Vidovstan real estate agency (Belgrade), commented on the market situation for Serbian Economist:
“We see sustained interest in well-located properties with clear operating economics — these are new business-class buildings and liquid secondary properties with reasonable utility costs. Buyers have become more careful in comparing options in terms of energy efficiency and management infrastructure, which supports quality projects even at a higher price per square meter. In Belgrade, offers that meet these criteria continue to sell quickly, thanks to local demand and buyers moving from other cities.”
Given the current trajectory of interest rates and household incomes, the baseline scenario is moderate price growth within the limits of inflation plus a premium for location and energy efficiency.
Risk factors for prices include a slowdown in mortgage lending and rising developer costs; support factors include limited supply in prime locations and a moderate influx of internal migrants to the Belgrade agglomeration.
Ukrainian cheese makers traditionally expect sales to pick up in the fall, but in 2025 they plan to raise prices by an estimated 5%, which has led to an increase in sales in the cheapest segment—cheese products, according to the industry analytical agency Infagro.
“This year, seasonal hopes may be dashed by the price situation: against the backdrop of cheaper cheese in the EU (down 8% in August), domestic producers, on the contrary, plan to raise prices by approximately 5%. The rise in the price of Ukrainian cheese is already having an impact: imports are growing, and cheese products are increasingly occupying store shelves—a cheaper alternative that is rapidly gaining popularity among consumers,” analysts noted.
Experts emphasized that due to its lower cost, cheese products are currently showing the most dynamic sales growth. For many buyers, these products are becoming the only affordable option amid the constant rise in the price of “real” cheese.
“In such conditions, cheese makers are forced to share the market not only with imports, but also with domestic competitors who are betting on a more affordable format. The trend of growing consumption of cheese products is expected to continue,” Infagro concluded.
