All doping tests of Russian players at 2014 FIFA World Cup are negativeSport June 25, 15:10
Police refrains from calling Newcastle incident a terrorist attackWorld June 25, 13:14
Putin offers condolences to Pakistan’s president over fire victimsRussian Politics & Diplomacy June 25, 12:39
Fire of fuel tank kills 123 people in Pakistan - TVWorld June 25, 7:58
Muslims worldwide celebrate Eid al-FitrSociety & Culture June 25, 5:18
Mexico knocks out Russia from FIFA Confederations Cup with 2-1 win in KazanSport June 24, 19:59
Putin visits Crimean youth camp ArtekSociety & Culture June 24, 19:42
Conflict around Qatar should be settled by diplomatic means - source at Foreign MinistryRussian Politics & Diplomacy June 24, 16:44
More than 237,000 fans attend Confederations Cup matches already - Deputy PM MutkoSport June 24, 15:03
ST. PETERSBURG, April 10. /TASS/. Ukraine is in the second place globally in terms of the inflation rate but the economy may recover by itself when the inflation declines due to the consumer demand drop, former acting prime minister and ex-chief of the National Bank of Ukraine Sergey Arbuzov said on Friday.
"Inflation showed the abysmal performance in March. The consumer price index in Ukraine rose 10.8% over a month and reached 45.8% year-on-year. Such figures were not observed in Ukraine since mid-1990s. Western experts estimated the price hike as 111% on an annualized basis. This is the second largest inflation rate across the globe. Ukraine gave the road in this underperformance rating to Venezuela alone, where the inflation indicator is 252%," Arbuzov said.
"Inflation will only speed up in coming months, reflecting a significant rise in tariffs for utility services: natural gas, power, and water supply," he added. Indexation of budget expenses undertaken by the government of Ukraine only adds fuel to the inflation, the ex-official said. "The economy may recover by itself: the inflation will decline over time because of the weak consumer demand and the price drop on global markets," Arbuzov added.