Inflation in Ukraine accelerated to 11%: transport, education and alcohol rose most in price

Inflation in Ukraine rose from 10% to 11% at the end of October.

This was reported by the State Statistics Service (Gosstat).

Monthly inflation in October slowed to 1.8% after accelerating to 2.1% in September. Core inflation also declined to 1.4% compared with 2.0% in September. But given that in October of last year it stood at 0.6%, in annual terms core inflation increased to 9.7% from 8.8% at the end of September.

Owing to a sharp rise in the price of fuels and lubricants (by 53.9%), the price of transport services rose the most — by 30.1%. The cost of education also jumped — by 19.8%, alcohol and tobacco products — by 17.1%, communications — by 16.1%.

Food products rose in price by an average of 9.3%. The biggest price increases were for fish (by 23.6%), bread and bakery products (by 21.3%), sunflower oil (by 20%), pasta products (by 12.9%), sugar (by 12.3%).

Tariffs for housing, water, electricity, gas and other types of fuel increased by 1.3%. The rise occurred mainly because of an increase in tariffs for water supply by 10.1% and sewerage — by 8.8%.

The National Bank of Ukraine worsened its inflation forecast for 2026 from 10% to 12.5%. And the National Bank lowered the official hryvnia-to-dollar exchange rate by 7.2% since the start of the year — from 42.4 UAH/$ to 45.4 UAH/$.

It was previously reported that statistics indicate a decline in the Ukrainian economy.