In early 2025, the rise in industrial prices surpassed the 32% mark in annual terms.

By January 2025, industrial inflation reached 32.5% compared to the same month last year. The growth in industrial production prices dropped to 0.6% from December, marking the lowest figure since March of the previous year. However, due to last year’s low base (when a significant decrease in production prices was recorded in the first quarter), industrial inflation continued to accelerate on an annual basis.

Production prices saw the largest increases in the following sectors:

1. electricity and gas supply (53%).
2. pharmaceutical production (35.9%).
3. food production (20.6%).

According to Danylo Hetmantsev, the head of the parliamentary finance committee, annual industrial inflation will likely continue to rise to 40% over the next two months, exerting pressure on consumer prices – both directly, through raw material costs that affect food, medicine, and other prices, and indirectly, through labor and energy resource costs included in overall production costs.