In order to prevent deterioration of living standards of citizens, reduction of their real incomes, and exceeding of the expected level of annual consumer price inflation, President of Ukraine Viktor Yanukovych has instructed Prime Minister Mykola Azarov to analyze the situation on the consumer market, determine the causes of food prices growth, and develop a plan of urgent measures aimed at reducing the inflation, particularly the growth of prices for goods that are part of the minimum consumer budget.

In addition, the Prime Minister and the Chairman of the Central Bank are to take measures to encourage economic activity in sectors, whose products are experiencing price increases, including by promoting lending to businesses.

Chairman of the Antimonopoly Committee of Ukraine Oleksiy Kostusev was instructed to check observation of the Law on Protection of Economic Competition and if there are cases of prices growth being caused by concerted actions of economic entities.


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