July 09, 2014 10:25
Economy Ministry not expecting further hryvnia devaluation and growth of inflation
Kyiv, July 9 (Interfax-Ukraine) - Ukraine's Ministry of Economic Development and Trade is not expecting the further devaluation of the hryvnia and the increase in the rate of inflation growth in the current year, minister Pavlo Sheremeta has said at a briefing in Kyiv.
"There was the effect of devaluation, which strongly influenced the rate of inflation. As we are not expecting the further devaluation and rely on the effectiveness of measures to reduce the budget deficit, I as an economist expect the deterrent effect on the economy, which should lead to the decrease [in the rate of growth] of inflation," he said.
As reported, inflation in Ukraine in June 2014 slowed to 1% compared to 3.8% in May, 3.3% in April and 2.2% in March.
The State Statistics Service said that since the beginning of this year consumer prices in the country have raised by 11.6%. In annual terms (relative to the same month last year) inflation accelerated to 12% from 10.9% in May, 6.9% - in April and 3.4% - in March.
In 2013, consumer prices in Ukraine rose by 0.5%, while a year before they fell 0.2%. The national budget for 2014 is based on the forecast of inflation of 14%.
(Our editorial staff can be reached at firstname.lastname@example.org)
July 29, 2016
U.S. ready for consultative assistance to reform of Ukraine's procurement, defense order system
Russia, China resolutely oppose plans to deploy THAAD missile defense system in S. Korea - Russian Foreign Ministry
Sberbank sells its Slovak subsidiary
Russian envoy to OSCE wants prompt creation of demilitarized zones on contact line in Donbas (Part 2)
Medvedev: despite economic situation, necessary to have funds for meeting social obligations in 2017-2019
Yerevan police building attackers who surrendered voluntarily to be charged only with illegal arms possession - Armenian prosecutor general
Iran needs 2-3 mths to raise oil production to pre-sanctions level
Current market fundamentals rule out oil above $50 - Novak
Central Bank of Iran head to visit Moscow, Russian minister for North Caucasus affairs to visit Tehran
Novak, Sefcovic preliminarily agree on meeting, date being determined
RZD's work plan in Aug envisages shipment growth of 0.6% - source
ENERGY MINISTRY PRELIMINARILY AGREES ON MEETING OF NOVAK AND SEFCOVIC, DATE BEING DETERMINED - NOVAK
DPR reports delivery of U.S. lethal weapons to Ukraine (Part 2)