Ukraine ranked first in Europe in terms of inflation in 2025

Every third Ukrainian lives in poverty - World Bank

Despite the global trend of slowing price growth, Ukraine was among the countries with the highest inflation rates. According to the results of 2025, consumer prices in the country increased by 12.6%, placing it 20th in the global anti-inflation ranking. This was reported by the Visual Capitalist portal, citing the International Monetary Fund (IMF).

In general, the global average inflation rate fell to 4.2%. Most countries demonstrated economic stability despite a historic increase in U.S. customs tariffs. However, the situation in Ukraine remains difficult: the figure of 12.6% significantly exceeds the world average. It makes Ukraine the leader in inflation acceleration in Europe.

For comparison, inflation in the largest economies of the European Union has already returned to normal:

  • France — 1.1%;
  • Italy — 1.7%;
  • Germany — 2.1%.

The IMF predicts that global inflation will continue to decline to 3.7% in 2026, driven by weak price growth in China and stabilization in Europe.

The undisputed leader in the depreciation of the national currency was Venezuela. There, inflation reached a catastrophic 269.9%. Experts predict that in 2026 this figure could jump to 682% due to political uncertainty after the removal of Nicolas Maduro from power and the sharp devaluation of the bolivar (local currency), which lost 82.7% of its value against the dollar.

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