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NBU: inflation rate will be 15-16% in 2008

Posted by the Editor on June 10, 2008


News / 10 June 2008 | 14:02

inflation rate will be 15-16% in 2008

NBU: inflation rate will be 15-16% in 2008

The National Bank of Ukraine expects the inflation rate 2008 at 15-16%. Vice-chairman of NBU Oleskandr Savchenko stated in his interview today.

‘We slowed down inflation. We were criticized for changing official course, but the result speaks for itself. The inflation rate decreased almost in 2 times. We consider this is mostly the achievement of National Bank,’ said Savchenko.

Besides, said vice-chairman, NBU expects that in summer, heavy harvest will be one of the positive factors which can influence on the slow down of inflation rate.

According to the State Statistics Committee, the inflation rate was 1.3% in May to April 2008 (3.1% – in April to March) while the growth of consumer prices totaled 13.1% in April to the beginning of the year.

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