Ukraine: Joint Market Monitoring Initiative (JMMI) - Four years of evolution: From economic shock to the protracted economic impacts of the war (2022-2025), May 2026

Country: Ukraine

Source: REACH Initiative

Please refer to the attached file.

KEY MESSAGES

• Air attacks and damage to energy infrastructure from 2022 to 2025 had a significant and multifaceted impact on the functioning of the economy, financial infrastructure, and local markets. In particular, they limited the operating hours of local shops and financial service providers. Damage to infrastructure also contributed to rising prices for agricultural products.

• Agricultural yields were among the most important longterm factors influencing inflationary processes in Ukraine. Poor weather conditions and the loss of agricultural territories led to lower harvests, creating substantial inflationary pressure which disproportionately affecting vulnerable population groups.

• Financial factors appeared to have a much stronger impact on access to goods than physical barriers. Older customers (i.e., persons 60 years old or older) were among the most vulnerable groups, with 80 to 90% typically reporting the impact of financial barriers on their access to goods.

• Local markets demonstrated a high level of resilience and adaptability, continuing to meet the needs of residents. The greatest difficulties in market functionality were observed in frontline hromadas, where conditions remained particularly severe and complex. ...