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Inflation in Ukraine in 2005 to amount to 6.5%-7.5%

February 28, 2005 | Interfax

Anatoly Halchynsky, head of the National Bank of Ukraine council, forecasts inflation in the republic in 2005 of 6.5%-7.5%.

Halchynsky told journalists on Friday that the main factors on which he based this forecast are the stabilization of prices for agricultural produce in the country due to a good harvest in 2004 and the stabilization of the world oil market. However, risk factors include significant social payments planned for this year.

Inflation in Ukraine in 2004 amounted to 12.3%, and in January 2005 -1.7%. The budget for 2005 was passed with forecast inflation of 8.6%.

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