In March 2026, Ukraine recorded a significant increase in the producer price index of industrial products. According to the State Statistics Service, prices rose by 2.3% compared to February. On a year-on-year basis, the inflation rate was 36.6%.
This is reported by Finway
Main Factors Behind Price Increases
The rise in industrial prices in March was primarily driven by an increase in costs in the extractive industry and quarrying, where prices rose by 4.8% compared to the previous month. This dynamic significantly influenced the overall result of the industrial producer price index.
On a year-on-year basis, the producer price index was 36.6%. This was mainly due to a sharp increase in February – to 22.3%. This was caused by an administrative revision of tariffs in the supply of electricity, gas, steam, and conditioned air (+53.1%).
Impact of Administrative Decisions on Index Dynamics
The significant acceleration of inflation in the industrial sector on a year-on-year basis was primarily a result of the administrative increase in tariffs in the energy sector. In February 2026, tariffs for electricity, gas, steam, and conditioned air rose by 53.1%. This had a substantial impact on the overall producer price index in the industrial sector and became the main driver of the annual increase to 36.6%.