FX.co ★ Ukraine’s Inflation Eases to 7.4% in January, Extending Disinflation Trend

Ukraine’s consumer price inflation slowed to 7.4% year-over-year in January 2026, down from 8.0% in December 2025, according to data updated on 10 February 2026. The figures are calculated on a year-over-year basis, comparing each month with the same month a year earlier.

The January reading marks a continuation of the disinflation trend, with price growth easing further at the start of 2026. The previous indicator for December showed prices rising 8.0% compared with December a year earlier, while the latest data indicate that January’s prices were 7.4% higher than in January of the prior year.

The comparison framework remains consistent: the “actual” figure reflects the change for January 2026 versus January a year ago, while the “previous” figure reflects December 2025 versus December a year earlier, allowing for a clear view of how inflation momentum is evolving month by month.