In February 2025, Ukraine experienced further acceleration in both overall and core inflation. According to estimates from the National Bank of Ukraine, the rise in inflation indicators continued into March. The main factors contributing to the increase in inflation to 13.4% year-on-year were the rising prices of raw and processed food products, driven by poor harvests from the previous year and high production costs for businesses.
This is reported by Finway
It is also worth noting that core inflation accelerated to 12% year-on-year. This increase was a result of rising business costs, particularly for wages and energy resources, as well as the sustained active consumer demand.
Industrial Inflation and Its Impact
Industrial inflation in February also showed an upward trend. The increase in producer prices by 37% year-on-year was particularly driven by significant price hikes in the
“supply of electricity, gas, steam”
sector, where inflation reached 65.1%. These factors are likely to influence further growth in consumer prices through secondary effects.