The government and National Bank’s uncontrolled printing of money is leading to a sharp rise in prices of food and other commodities, Yulia Tymoshenko said, according to the official website.

"Since the start of this year, or rather continuing from last year, money is being printed and this policy is not supported by economic growth," Yulia Tymoshenko said today before her latest visit to the prosecutor’s office, adding that the opposition will soon provide exact figures of the amount of money issued.

"This is a deliberate policy by the National Bank, which today is headed by someone who is part of Yanukovych’s business family, basically his son’s business partner, and this is making people poorer every day because pensions and salaries aren’t going up and real inflation in Ukraine is being kept secret," Yulia Tymoshenko emphasized.

She believes that inflation and GDP statistics for 2010 release by the government are false. "According to official statistics, prices went up 10% in 2010, but everyone in the country understands they’re being deceived because some food prices have doubled, or risen even more. This means that the figure for GDP growth is also false because the main base figure for calculating GDP is the consumer price index, the rise in prices of all goods and services on wholesale and retail markets," Yulia Tymoshenko explained.

The former prime minister also pointed to the fact that 2011 began with an increase in utility rates. "This is not accompanied by an adequate increase in pensions and wages. This is all enriching a handful of people in Ukraine because the money people are paying for gas, electricity, heat and hot water isn’t going to state-run companies, but to private companies, most of which belong to Yanukovych’s inner circle," she said.

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