The Ministry of Economic Development and Trade of Ukraine forecasts the inflation rate December to December at 13.6% in connection with a moderate rise in prices due to a seasonal increase in demand, a slight tension in the foreign exchange market, and the rise in world commodity prices volatility.
”The risk of increasing inflation in the coming months will be a deterioration in public expectations, as well as the growing role of the inflation of costs associated with rising energy prices. This will force producers to lay this risk in the final price of the goods,” the Ministry of Economic Development wrote in its report.
As UNIAN reported earlier, in 2017 the government expects to reduce inflation to single digits – at 8.1%.
Key rating agencies forecast the rate of inflation in Ukraine in 2016 at 14%, and in 2017-2018 – at the level of 8%-9.5%.