Ukraine’s Economy Ministry forecasts inflation rate of 14.1% by year-end

The Economic Development and Trade Ministry of Ukraine expects the inflation rate to be at the level of 14.1% by the end of 2016.

Vice Prime Minister, Economic Development and Trade Minister of Ukraine Stepan Kubiv said this during an hour of questions to the Government in the Verkhovna Rada of Ukraine, an Ukrinform correspondent reports.

"We expect the inflation rate to be at the level of 14.1% by the end of 2016 and at the level of 8.1% in 2017," Stepan Kubiv said.

According to him, the Ministry hopes that the GDP growth will be at least 1% by the end of the year and at the level of 3% in 2017.


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