The Ministry of Economic Development and Trade has improved the inflation forecast in Ukraine from 7.5% to 5.5% in the first half of 2016, due to the saturation of the domestic market with goods and the absence of significant fluctuations in the currency market.
The relevant forecast was presented in the analytical material published on the ministry`s website.
”In the first half of 2016, it is expected that the effect of factors such as the saturation of the domestic market with goods, the absence of significant fluctuations in the currency market and moderate growth of world prices as well as low aggregate demand will ensure preservation of the moderate growth of prices for consumer goods and services,” the forecast said.
According to the ministry`s analysts, tight monetary policy of the National Bank of Ukraine, weak purchasing power of the population, as well as small price movements in the major export commodities will also contribute to the moderate inflation.
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