In September 2024, inflation in Ukraine reached 1.5% compared to August, and since the beginning of the year, it has reached 6.5%. Reported by the Ukrainian Institute for the Future. This indicates a continuation of the upward trend in consumer prices, which has been noticeable for Ukrainians.
Read more: Growth of Ukraine’s GDP: key drivers and challenges
Rising Food Prices
The most significant price increases have been observed in the food sector: eggs became 12.1% more expensive. Butter, milk, bread, and meat rose in price by 1.1% to 3.8%. Vegetables also increased in price, while the prices for sugar and fruits have slightly decreased.
Other Categories of Goods
In addition to food products, prices for clothing and footwear have risen: clothing increased in price by 7.9%, while footwear became 7.7% more expensive.
Overall Inflation Trend
Annual inflation rose to 8.6%, and the forecast for 2024 was raised to 9.4%. These figures confirm that inflation in September 2024 shows an acceleration in price increases, which citizens of Ukraine are feeling.
For more details on inflation rates, you can learn from the macroeconomic digest: uifuture.org.
