Prices in Ukraine Are Set to Rise Again: What Will Get More Expensive in the Near Future
12 July 14:16
In June 2026, inflation in Ukraine slowed to 7.2%, and prices actually fell slightly on a month-over-month basis. Despite this trend, the National Bank warns that price pressures will begin to rise again in the coming months. [Komersant], citing RBC-Ukraine, reports on which products have become more affordable now and what exactly will become more expensive in Ukraine in the near future.
Inflation in Ukraine Slowed to 7.2% in June: What’s Happening with Prices
According to the NBU, in June 2026, inflation in Ukraine slowed to 7.2% year-over-year, while prices fell by 0.1% month-over-month. The overall inflation figures are in line with the NBU’s April forecast, but core inflation accelerated to 8.1% due to rising business costs for wages, electricity, and fuel.
Key price changes:
- Fresh food: Prices fell by 0.2% (year-over-year). Pork, chicken, eggs, vegetables from summer greenhouses, and fruit became cheaper.
- Services: Transportation services, car maintenance, driving lessons, and beauty services became more expensive—service inflation accelerated to 13.7%.
- Processed foods: The growthrate remained at 10.4%. Sunflower oil and frozen prepared foods saw the largest price increases.
- Administratively Set Prices: Inflation accelerated to 10.7% due to higher water rates in some cities and rising prices for alcohol and tobacco.
- Fuel: Inflation slowed to 33.4% thanks to lower prices for diesel and autogas in June.
Outlook
The National Bank warns that price pressures will increase in the coming months. The main drivers will be labor costs, as well as adjustments to water rates and public transportation fares.
The NBU will release its updated macroeconomic forecast on July 30, and a detailed Inflation Report will be published on August 6, 2026.
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