Average inflation measured by CPI reached 7.89 % in 2019 in Ukraine, according to the National Statistical Office. This is 28.0 % less than in the previous year.
Historically, average inflation measured by CPI in Ukraine reached an all time high of 4,735 % in 1993 and an all time low of -0.261 % in 2013. When compared to Ukraine's main peers, average inflation measured by CPI in Poland amounted to 2.31 %, 3.83 % in Romania and 4.47 % in Russia in 2019.
Ukraine has been ranked 21st within the group of 175 countries we follow in terms of average inflation measured by CPI, 14 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.