Inflation rate in Ukraine in October 2006 constituted 2.6%, and 8.7% in January-October, comparing to the corresponding period of 2005, the State Statistics Committee of Ukraine informs.

According to the State Statistics Committee, prices for foodstuffs raised by 2.1% in January-October 2006, by 2.6% for nonfoods, by 37.3% for services, compared to the corresponding period of 2005.

According to the State Statistics Committee, inflation rate in Ukraine constituted 2% in September, and 5.9% in January-September 2006.

Let's recall, that inflation in Ukraine constituted 10.3% according to the results of 2005.

The Ministry of Economy forecasted GDP growth at the level of 5.8% to7%, and inflation rate at the level of 9% to 11.5% in 2006. The department recalled its forecast for revision in January 2006 and, in the middle of March, worsened the inflation forecast in 2006 to 11.4% to 11.6%.

The Cabinet of Ministers used 7% GDP growth forecast in 2006, and inflation indicator at 8.7% during formation of the state budget for 2006.


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