Business news from Ukraine

Business news from Ukraine

Clothing and Footwear Prices in Ukraine Fell by 5.6% Over Past Year — State Statistics Service

In July 2026, prices for clothing and footwear in Ukraine fell by 4.8% compared to June and by 5.6% compared to July of last year, according to data from the State Statistics Service. Clothing prices fell by 5.8% over the month and by 5.4% year-over-year. Footwear prices fell by 3.5% and 6.1%, respectively.

Compared to December 2025, the entire “clothing and footwear” category fell in price by 4.5%, including clothing by 6.5% and footwear by 2%.

In January–July 2026, prices for clothing and footwear were, on average, 5.5% lower than during the same period in 2025. At the same time, the overall consumer price index rose by 7.8% over these two periods.

Clothing and footwear thus remain one of the largest categories in the consumer basket where the State Statistics Service has recorded price declines amid overall inflation.

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Food prices in Ukraine rose by 6.5% over past year, with fish and cooking oil rising by more than 20%

Food and non-alcoholic beverages in Ukraine fell by 0.2% in July 2026 compared to June, but remained 6.5% more expensive than a year earlier. Food alone, excluding non-alcoholic beverages, rose in price by 6.4% over the year.

The most significant year-over-year increases among major food categories were recorded for fish and fish products (22.4%), sunflower oil (21.8%), and bread and bakery products (18.6%).

Bread prices rose by 15.4%, pasta by 9.9%, milk by 8%, vegetables by 7.8%, cheese by 4.6%, and meat and meat products by 2.4%.

At the same time, a number of products became significantly cheaper over the course of the year. Eggs cost 25.4% less than in July of last year, fruit—9.5% less, and sugar—8.1% less.

In July alone, eggs became 6% cheaper, vegetables 5.9% cheaper, and meat and meat products 0.6% cheaper. At the same time, fruit prices rose by 1.5%, fish by 1.3%, and sunflower oil by 1.2%.

Seasonal trends are particularly noticeable: since the beginning of the year, eggs have become 43.1% cheaper, while fruit has become 26.2% more expensive and vegetables 18.7% more expensive.

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Drug Sales in Ukraine Rose by Nearly 20% in First Half of Year

Pharmacy sales of drugs in Ukraine from January through June 2026 increased by 19.52% in monetary terms compared to the same period last year, reaching nearly 97.918 billion UAH.

According to a report by Business Credit to the Interfax-Ukraine news agency, citing research findings, sales of medicines in volume terms also rose—by 4.9%, to nearly 418.711 million packages.

The weighted average retail price of pharmaceuticals for the first half of the year was 233.85 UAH per package, which is 13.96% higher than the figure for January–June 2025.

Thus, the pharmaceutical segment demonstrated growth not only due to higher prices but also thanks to an increase in the number of packages sold. This distinguishes it from the pharmacy market as a whole, where sales in physical terms declined by 5.8% over the six-month period.

In the first quarter of 2026, pharmaceutical sales rose by 13.9% in monetary terms—to over 48.426 billion UAH—and by 4.85% in volume terms—to nearly 211.947 million packages.

In 2025, Ukrainian pharmacies sold medicines worth 170.318 billion UAH, which is 12.79% more than the previous year. The volume of sales then decreased by 0.2% to 808.546 million packages.

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Road passenger transportation in Ukraine rose in price by 30.8%, fuel by 28% — State Statistics Service

Transportation prices in Ukraine in July 2026 were 18.6% higher than a year earlier, according to data from the State Statistics Service. In just one month, transportation prices rose by 1.3%. The most significant increase was recorded in passenger road transportation—up 6% in July and 30.8% compared to July 2025.

Overall, transportation services rose in price by 28.9% over the year and by 25.7% since the beginning of 2026. Passenger rail transportation became 2.7% more expensive over the month and 15.5% more expensive over the year.

Another significant factor remains the cost of fuel. In July, fuel and lubricants became 0.1% cheaper compared to June; however, compared to July of last year, they were 28% more expensive, and since the beginning of the year—26.5% more expensive.

Thus, transportation costs are rising significantly faster than the overall consumer market: annual inflation in Ukraine stood at 7.7% in July, while transportation inflation was 18.6% and transportation services inflation was 28.9%.

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Ukraine’s pharmacy market grew to nearly 121 bln hryvnia in first half of year

Pharmacy sales in Ukraine from January to June 2026 increased by 15% in monetary terms compared to the same period in 2025—reaching nearly 121 billion hryvnia—while in volume terms, they decreased by 5.8%—to approximately 533.955 million packages.

The company “Business Credit” reported this to the Interfax-Ukraine news agency, citing the results of a study it conducted.

The weighted average price of items in the pharmacy basket for the first half of the year was 226.65 UAH per package, which is 22.15% higher than in January–June 2025.

Thus, the growth of the pharmacy market in monetary terms occurred against the backdrop of a decline in the total number of packages sold and a significant increase in the average cost of pharmacy products.

At the same time, the market’s growth rate in monetary terms accelerated compared to the first quarter. In January–March, pharmacy sales increased by 11.13%—to 60.245 billion UAH—while the volume of sales decreased by 4.8%, to approximately 270.958 million packages.

At the end of 2025, pharmacy sales in Ukraine totaled over 220.287 billion UAH, which is 14.23% more than in 2024. In volume terms, they declined by 2.25% during that period.

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Inflation in Ukraine Accelerated to 7.7% in July

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.

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