In October 2025, inflation rates in Ukraine slowed down, and the consumer market recorded the lowest annual inflation rate since the beginning of the year. According to the State Statistics Service, inflation in October compared to September was 0.9%, while on an annual basis it was 10.9% compared to 11.9% in September.
This is reported by Finway
Which Products Have Increased the Most
In October, compared to the previous month, food products and non-alcoholic beverages increased in price by 1.6%. The largest price jump was recorded for eggs – by 11%, as well as for vegetables – by 10.4%. Additionally, prices for lard, processed grain products, milk, fish and fish products, sunflower oil, non-alcoholic beverages, bread, butter, meat and meat products, and cheese increased by 1-7%.
At the same time, the cost of fruits, sugar, rice, and pasta decreased by 0.2-2.6%. Alcoholic beverages and tobacco products increased in price by 1.5% in October, with the main growth observed in the tobacco segment – by 2.2%.
Price Changes Over the Year and Future Forecast
On an annual basis, food prices have risen by 15.6%. The largest increases were seen in the cost of eggs (by 41.9%), sunflower oil (26%), meat and meat products (25.2%), and fruits (22.1%). Conversely, a decline was observed only in the vegetable segment, which decreased in price by 21.5%, and sugar – by 6.6%.
Alcohol and tobacco increased in price by 18.6% over the year. At the same time, clothing and footwear became cheaper by 6%. Transportation services rose in price by 5.4%, mainly due to a 13.1% increase in the cost of road passenger transport.
Among other sectors, prices for communication services increased by 16.4%, educational services – by 14.6%, and restaurants and hotels – by 14.7%. Conversely, leisure and cultural services decreased in price by 0.2%.
“In the next three quarters, vegetable prices in Ukraine will be lower than last year,” the National Bank’s report for October 2025 states.
According to the forecast by the National Bank of Ukraine, inflation in 2025 will decrease to 9.2%, in 2026 to 6.6%, and by the end of 2027 will reach the target of 5%. It is expected that the main factor in slowing inflation will be the high supply of food due to improved potato and other vegetable harvests this year.