Inflation in Ukraine rises above 10% for first time in three years

Ukraine’s annual inflation rate has grown to 10.2% in July, exceeding 10% for the first time since 2018, the National Bank of Ukraine reported. 

Ukrainian consumers are feeling the impact of rising prices on basic goods and utilities. Sugar prices rose by 83.5% and sunflower oil prices by 79%, while gas tariffs increased by 164.5% and electricity tariffs by 36.6%.