The real growth of incomes of the population for January-May 2008 comprises 116%, stated Minister of Economy Bohdan Danylyshyn, according to the press service of the Ministry of Economy.

“In May, there was a sizable growth of nominal incomes of the population,” said Danylyshyn.

According to the Minister, 45.9% growth for the previous 5 months, compared to January-May 2007, was achieved both thanks to the efforts of the government to raise the standards of living and to the high economical growth at 6.4%.

“I would like to note that such intense growth of incomes compensates the population those negative inflation processes in Ukraine”, as UNIAN reports.

“The growth of real incomes of the population, i.e. updated to the influence of the inflation, was 16% for January-May 2008, while - 10.8% for the analogous period in 2007.

Moreover, Danylyshyn also stated that social aid has increased by 51% for the given period.


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