Inflation Rate Trends and Forecast for Ukraine from 1990 to 2029

Ukraine's inflation history has been marked by extreme volatility, especially during the early 1990s following the dissolution of the Soviet Union. Hyperinflation peaked at an astronomical 4,734.9% in 1993 due to monetary instability and economic restructuring. Inflation began to stabilize, falling to 15.9% in 1997 after reforms and tighter fiscal controls. However, crises such as the 2014 annexation of Crimea and conflict in eastern Ukraine reignited inflationary pressures, reaching 48.7% in 2015.

Recent inflation climbed to 20.2% in 2022, driven by geopolitical conflict and supply chain disruptions. Projections indicate stabilization at 5.0% by 2028, reflecting anticipated economic recovery and fiscal reforms.