Industrial inflation is accelerating: what is the reason?
24 April 21:34
In March 2026, producer prices in Ukraine rose again. According to the State Statistics Service, they increased by 2.3% over the month, and year-over-year growth reached 36.6%. This means that it is becoming more expensive for companies to manufacture goods, and this pressure may gradually be passed on to final consumer prices.
This was reported by the State Statistics Service, as reported by "Komersant Ukrainian".
The mining industry was the main driver of growth. In March, prices in this sector rose by 4.8% compared to February. At the same time, the annual growth rate here appears significantly more modest—around 3.7%. This indicates short-term fluctuations related to production and logistics costs.
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In contrast, the energy sector exerts the greatest pressure on an annual basis. In the electricity, gas, steam, and air conditioning supply sector, prices rose by 75.8% over the year. It is this component that significantly impacts the entire economy, as energy resources constitute a basic cost for most industries.
The overall picture shows that industrial inflation remains high and is outpacing the growth of consumer prices.
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Against this backdrop, February data showed only moderate growth in consumer prices—1% over the month.
As a reminder,inflation in Ukraine accelerated to 7.9% year-over-yearin March 2026, while prices rose by 1.7% month-over-month.
Actual figures for both headline and core inflation exceeded the regulator’s forecast, published in the January inflation report.
