Pensions have increased, but there is less money: the Pension Fund of Ukraine explained the paradox

It was recently reported that the average pension in Ukraine reached UAH 6410.17. According to the Pension Fund, in the first half of this year, payments increased by 10.7%, which amounts to UAH 621.12. Compared to last year, the growth was 10.2% - this can be considered a positive trend.

But due to inflation, the purchasing power of pensioners has actually decreased. According to data, in June 2025, consumer prices rose by 14.3%, which resulted in a reduction of real pensions by approximately 4%.

It is worth noting that the increase in pensions occurred as a result of planned indexing in March, which became the main change for pensioners in 2025.

According to the first deputy minister of social policy, Daria Marchak, there are currently no plans for another pension increase until the end of the year. There is no legislative basis for conducting additional indexations during the year.

Ukrainians should consider that pensions have increased, but due to inflation, their purchasing power has decreased. Advice from experts on maintaining financial stability may be useful in conditions of rising prices.