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)
March 04, 2015
Sakhalin governor detained in police inquiry
Banks have 1149.2 bln rbs on CBR correspondent accounts on March 4
Russian humanitarian convoy for Donbas cleared by customs, moves on
Moscow press review for March 4, 2015
RUSSIA AND FSU GENERAL NEWS
Results of forex trading on Moscow Exchange on March 3
Russia political and economic calendar: March 4
March 03, 2015
Ukrainian govt forces accuse militia of violating ceasefire 20 times
OSCE mission sees situation in Donbas as relatively calm, sporadic gunfire recorded
Russians abducted in Sudan alive, contact with abductors has yet to be established - Russian Foreign Ministry
Donetsk militias continue mobilization
Court finds Moscow school student guilty in shooting case, orders compulsory treatment