Ukraine Economy Ministry projects inflation at 13% in 2016

Ukraine`s Ministry of Economic Development and Trade projects that inflation in Ukraine will amount to 13% this year and drop to 8% in 2017, First Deputy Economy Minister Yulia Kovaliv said at a business forum in Kyiv.

”We expect that inflation will average 13% this year, and, correspondingly, it will influence lending rates. Next year we expect inflation at 8%,” Kovaliv said.

As UNIAN reported earlier, inflation of 1.8% was recorded in Ukraine in September 2016 as compared to August, while the previous three months saw a consecutive decline in consumer prices on a month-to-month basis.

In annual terms, inflation in September 2016 slowed down to 7.9% year-over-year, after 8.4% recorded in the previous month.

Since the beginning of the year, January through September, consumer prices in Ukraine have risen by 6.4%.

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