Inflation in Ukraine accelerated to 1% in February

Consumer price growth in Ukraine accelerated to 1% in February 2026 from 0.7% in January, according to a report by the State Statistics Service.

In annual terms, inflation rose to 7.6% in February (7.4% in January).

Core inflation for the period compared to January was 0.7%, and compared to February last year, it was 7%.

According to the NBU’s February inflation report, inflation is expected to be 7.5% at the end of 2026 and will remain close to the 5% target in the future, reaching it in 2028. The economy will grow by 1.8% this year, and in the following years, recovery will accelerate to 3-4% per year. The NBU’s baseline scenario is based on the assumption of a gradual normalization of conditions for the economy to function. It takes into account the current consequences of shelling and destruction, as well as sufficient external financing over the forecast horizon.

According to preliminary estimates by the Ministry of Economy, Ukraine’s real GDP grew by 2.2% year-on-year last year. Last year, the country’s economy continued to operate amid attacks on energy infrastructure, complex logistics, and high security risks, but still showed growth close to the forecast. This was supported by positive dynamics in key sectors such as domestic (primarily retail) trade, construction, and manufacturing.

As reported by GMK Center, Ukraine’s real GDP grew by 2.9% in 2024, according to the State Statistics Service.