EN
What influenced the slowdown of inflation
One of the main factors was the decrease in the price of food products. Prices for raw products decreased by 0.2% year-on-year. In particular, the prices of pork, chicken, eggs, vegetables and fruits have fallen due to the increase in supply on the market.
The increase in the price of fuel also slowed down to 33.4% in annual terms. This became possible due to the decrease in the cost of diesel and autogas.
Business spending accelerated core inflation
Despite the overall decline in price growth rates, core inflation accelerated to 8.1% in June. This was influenced by the high costs of enterprises for electricity, fuel and wages.
Prices for services increased the most — up to 13.7% in annual terms. Transportation services, car repair, driving courses, as well as services in the field of beauty and leisure have become more expensive. At the same time, the growth of prices in cafes, restaurants and taxis has somewhat slowed down.
Product prices and tariffs remain under pressure
Processed products rose in price by 10.4% year-on-year in June. Among the reasons is the increase in the cost of sunflower oil due to low raw material reserves and the increase in the price of products that require significant electricity consumption during storage.
Administrative prices increased to 10.7%. The main factors were the increase in tariffs for water supply in certain cities, as well as the increase in the price of alcohol and tobacco products.
The NBU warns of a new round of price increases
The National Bank of Ukraine expects that price pressure may intensify in the coming months. The reasons will be the high costs of enterprises for salaries, the end of the seasonal price reduction of vegetables, as well as a possible increase in tariffs for water and public transport.
The NBU will publish the updated macroeconomic forecast on July 30, 2026, and the detailed Inflation Report on August 6.