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Cabinet worsened 2008 results inflation growth forecast to 15.3%
03.07.2008 15:13 "Agro Perspectiva" (Kyiv) —
As to Cabinet Decree ¹ 581 (from Jun 27, 2008), Cabinet has downgraded its earlier inflation growth forecast from 9.6% äî 15.3% (as for 2008 results). As to Decree, Cabinet has also worsened industrial products producers prices index until 2008 end from 19.2% äî 24.6%. On Jul 1, 2008 Premier Yuliya Tymoshenko forecasted deflation (as for first half-year 2008 results): as to Premier, within 20 days of Jun 2008, deflation processes were registered in 15 (from total 27) Ukrainian regions. As to Agro Perspective earlier report, within May 2008 consumption prices had risen up 1.3% as of Apr 2008 and up 14.6% against Dec 2007. As to Agro Perspective, within early Apr 2008 International Monetary Fund had worsened Ukrainian 2008 inflation forecast from 13.8% to 17.2% until 2008 end.
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