In September 2024, inflation in Ukraine reached 8.6% in annual terms

In September 2024, inflation in Ukraine reached 8.6% in annual terms, which shows a significant acceleration compared to previous months, the State Statistics Service reports. These data indicate a further increase in consumer prices for various goods and services, which has an important impact on the purchasing power of the population.

Compared to August 2024, the general level of inflation in the consumer market increased by 1.5%, and year-to-date inflation is 6.5%. Core inflation, which excludes fluctuations in energy and food prices, also rose 1.7% from August, reaching 6.6% year-to-date.

In September, the prices of food products and soft drinks rose significantly. In general, their prices increased by 1.8%. The most noticeable was the increase in the cost of eggs, which rose in price by 12.1%. Prices for vegetables, milk, dairy products, sunflower oil and other products also rose in the range of 1.1% to 3.8%. At the same time, the prices of sugar and fruit decreased slightly - by 1.8% and 0.2%, respectively.

Alcoholic beverages and tobacco products also rose in price, with their prices increasing by 1.4%, with tobacco products becoming more expensive by 2.6%. Clothing and footwear rose in price by 7.8%, while clothing rose in price by 7.9%, and footwear by 7.7%, which may be related to the start of the new autumn season.

In the health care sector, prices rose by 1.4%, mainly due to higher prices for outpatient services (by 2.1%) and pharmaceutical products (by 1.6%). In addition, transport costs also increased by 0.8%, due to a 1.0% increase in fuel prices. However, rail passenger traffic decreased by 3.0%, which was good news for passengers.

Services in the field of education experienced the largest increase - by 10.1%, while the cost of higher education increased by 11.8%, and secondary education - by 11.1%. This growth probably reflects general trends in increasing education spending in the country.

We will remind you that in August 2024 there was also an increase in the prices of eggs and vegetables (by 7.1% and 5.2%, respectively). In general, according to the results of 2026, inflation is expected to slow down to 5%, which should stabilize the economic situation and reduce the pressure on the wallets of Ukrainians.