The Ministry of Economy forecasts inflation at 0.8-1% in October of this year, reports Ukrainian News. This was stated by Economy Minister Arseniy Yatsenyuk.
He also added that by the end of this year, inflation will most likely be 10% or more.
Earlier, the Ministry of Economy worsened its GDP growth forecast for 2005 from 4% to 3.5%.
On October 5, the head of the National Bank Council, Valeriy Heets, forecast inflation at around 11% by the end of this year.
For January-September, GDP grew by 2.8% compared to January-September 2004 to 289,671 million hryvnias.
In January-September, inflation was 7.1%.