Economic Development Ministry: Inflation expected to reach 13.1% by the end of 2016

Economic Development Ministry: Inflation expected to reach 13.1% by the end of 2016

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Ukrinform
The Economic Development and Trade Ministry projects that the level of inflation in Ukraine is expected to reach 13.1% by the end of 2016, Ekonomichna Pravda reports referring to the ministry.

“A moderate increase in prices may take place in December 2016 and in the first quarter of 2017 due to the seasonal demand increase on the food market in this period and a slight tension on the foreign exchange market,” reads a report.

"The risk of accelerated inflation processes in the upcoming months is the emerging role of cost-push inflation, including due to the rapid increase in costs of energy products, which will push manufacturers to include relevant risks in the price,” according to the ministry.

As reported, the level of inflation in Ukraine in November was recorded at 1.8% compared with 2.8% in October.

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