The Ministry predicted inflation rate for 2017




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The economic development Ministry predicts inflation in Ukraine up to 2017 at the level of 11.2%.

The Ministry of economic development and trade forecasts inflation in Ukraine at the end of 2017 at the level of 11.2%, reported the press service of the Ministry.

The Ministry noted that inflation in may at 1.3% (compared to April) led the rise in prices of vegetables and fruit, especially seasonal (new crop) and those that constitute the so-called “borscheva set”, because of the decline in their stocks. The negative impact of inflation has affected, and losses incurred as a result of adverse weather conditions in the spring.

The positive effect on inflation was the absence of pressure from monetary factors, the stabilization of fuel prices and the implementation of the consolidated budget with a surplus in the amount of 38,6 billion UAH in January-April .

The experts of the Ministry of economic development noted that a small increase in the price of gas for households in some areas also had no significant influence on the inflation trend.

As reported, the Cabinet of Ministers forecasts inflation in Ukraine in 2017 at the level of 12.9%. The national Bank of Ukraine predicts inflation slowdown in the current year to 9.1%, the international monetary Fund and the world Bank – up to 10%.

According to the state statistics service, inflation in Ukraine in may 2017, compared with the previous month, in April, accelerated to 1.3% from 0.9% in April versus March.

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