Economic Development Ministry: Inflation rate projected at 13.4% at the end of 2017

“The inflation rate has reached 12.5% over the last eleven months… it is expected at 13.4% at the end of the year,” he said at the annual report press conference, an Ukrinform correspondent reports.

Deputy Economic Development and Trade Minister Maxim Nefyodov, in turn, said that the inflation rate in Ukraine grew mostly due to the rise in utility tariffs.

"In particular, utility services and energy sources contributed to the inflation growth, it's an open market. Fluctuations in oil and gas prices are objective and market-oriented. We would really like prices to fall, but they fluctuate," he said.

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