Ukraine’s consumer price index (CPI) jumped 2.1% month-over-month in September 2026, a sharp acceleration from the modest 0.1% increase recorded in August 2026. The fresh data, updated on 9 October 2026, signal a marked pickup in price pressures after a period of near-stable monthly inflation.
On a month-over-month basis, the latest figure shows that prices in September rose significantly faster compared with the previous month, when inflation was almost flat. The comparison uses each month’s change relative to the immediately preceding month, highlighting how quickly the inflation environment has shifted in just one period.
The move from 0.1% to 2.1% MoM will likely draw close attention from policymakers, businesses, and investors, as it may indicate emerging inflationary momentum after a subdued August. However, the data release contains no further details on the drivers behind the increase.
