Thursday, May 22, 2008

Finance Minister points to slowed inflation pace

Ukrainian Finance Minister Viktor Pynzenyk pointed out a slower pace of inflation in this country from the beginning of May.

Having called the current tendency as very good, the minister voiced hope that the fourth part of May will not worsen the situation.

According to the State Statistics Committee, inflation made 3.1 percent in April, and 13.1 percent in January - April 2008.

In April 2008, inflation grew by 30.2 percent against April 2007.

While elaborating State Budget 2008, the Cabinet put inflation at 9.6 percent.