Over the past 12 years, the minimum wage in Ukraine has increased sevenfold, while prices have grown fivefold, according to data from Slovo i Dilo. The largest increases in the minimum wage occurred in 2020–2021.
Starting January 1, 2027, plans call for raising the minimum wage from 8,647 to 9,546 UAH. This adjustment is expected to restore its purchasing power to approximately 2024 levels.
However, inflation continues to erode purchasing power. In the first eight months of 2026 alone, the real value of the minimum wage declined by more than 5%.
#Ukraine #Inflation
Starting January 1, 2027, plans call for raising the minimum wage from 8,647 to 9,546 UAH. This adjustment is expected to restore its purchasing power to approximately 2024 levels.
However, inflation continues to erode purchasing power. In the first eight months of 2026 alone, the real value of the minimum wage declined by more than 5%.
#Ukraine #Inflation