First Vice Prime Minister, Finance Minister Mykola Azarov predicts inflation to be less than 7% this year.

He told that at the meeting with members of the Foreign Investment Advisory Council, Paul Östling and Jeffrey Hirschberg, the Finance Ministry's press service told.

The reason for such prognosis Azarov considers the low inflation level for five months of the current year – 1,9%. At the same time there are good temps of the economic growth – 7,9% for five month and the constant growth of industrial production – 12,5%.

Markets present situation remains favorable for export oriented Ukrainian economy.

As a reminder, President of Ukraine Viktor Yushchenko on June 15 at the meeting of the Foreign Investment Advisory Council has claimed that the factor of high inflation level in Ukraine is liberalization of price policy.

Analyzing previous year, the inflation totaled 11,6% in Ukraine.

International Monetary Fund predicts inflation in Ukraine in 2007 at the level of 11,3%, in 2008 – 10%.


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