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Ukraine’s inflation skyrockets by 33.3% from January 1 — report

According to the report, "the basic index of consumer prices made up 100.8% in October, and 133.3% - since the beginning of the year"

© ITAR-TASS/Alexay Filippov

KIEV, November 9. /TASS/. Ukraine’s inflation has skyrocketed by 33.3% as of October 2015 since the beginning of the year, the national statistics service said in its report made public on Monday.

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According to the report, "the basic index of consumer prices [inflation] made up 100.8% in October, and 133.3% - since the beginning of the year."

In January-October, 2015, the country’s inflation hiked by 41.3% as compared to the same period of 2014.

In the meantime, the European Bank for Reconstruction and Development (EBRD) registered higher inflation rate. Under the EBRD report made public on November 5, "as of September, the year-on-year inflation in Ukraine amounted to 51.9%"

Ukraine’s Finance Ministry, in turn, said earlier that the republic’s inflation will be at 12% in 2016. According to the minister, the forecast was coordinated with the International Monetary Fund. The forecast envisions the 2% GDP growth, 12% inflation rate and hryvnia-to-dollar rate at 24.1 HRN.

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