Official statistics show a sharp monthly jump linked to tariff changes, but authorities describe it as a one off regulatory distortion.
In February 2026, prices for industrial production rose by 22.3% compared with the previous month, and this sharp dynamic is attributed to administrative changes in tariff regulation in several sectors.
The statistical office released the data, underscoring the temporary nature of the regulatory impact on prices.
“In February 2026, a sharp rise in prices of industrial producers was recorded, bearing the signs of a one-off, atypical deviation: +22.3% from the previous month; +34.5% year-on-year (to February 2025)”
– State Statistics Service
Key factors and regulatory context
The main driver of the increase was an administrative decision on tariffs in the electricity, gas, steam and air-conditioning supply sector. This is regulated by NKREKP Resolution No. 70 dated January 16, 2026, which provided significant support to costs at a level above 53%.
Experts emphasize that such influence has the nature of one-off regulatory changes, so it should not be considered a signal of a long-term inflation trend; the State Statistics indicates the temporary nature of the deviation.
Energy sector: prices and imports
According to the State Statistics Service, the January day-ahead electricity market rose by 21.8% compared with December, reaching 8,381.08 UAH per MWh. In February the price rose by another 19.9%.
After January 17, the average daily import of electricity increased by 41% and amounted to 33,900 MWh, and on January 24 a record of 41,900 MWh was registered.
Although regulatory steps influenced the February figures, analysts believe this is not a sign of a sustainable inflation trajectory.
In conclusion, it is worth stressing that regulatory decisions require further monitoring; at present, experts do not forecast a sustained rise in prices beyond temporary regulatory effects.