Since September 2006 up to September 2007 average salary in Ukraine has been increased by UAH 340 and today it comprises approximately UAH 1426. The Finance Minister Mykola Azarov stated that yesterday in an interview to “5 channel”.

According to Azarov, salaries growth is one of the main objective reasons of prices hike alongside with oil price increase and decline of dollar rate.

Explaining why salary increase became a reason for price increase, Azarov noted that in comparison with 2006 salary growth made UAH 560, it means that “additional UAH 560 went on market and must find their goods and services. Salary increase is constituent part of pricing.”


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