The Cabinet of Ministers of Ukraine has worsened the inflation forecast for 2004 from 9.5% to 10.5% (December to December). This was stated by the acting prime minister, first deputy prime minister, finance minister Mykola Azarov at a meeting with ambassadors of foreign states in Ukraine, reports "Ukrainian News".
"This is a high figure, but under conditions of such economic growth and growth of social payments this is moderate inflation," he said.
According to the acting prime minister, there are no reasons for critical inflation growth in 2004.
Recall that in November Azarov forecast inflation in 2004 at a level no higher than 9.5%. In October the Cabinet worsened the inflation forecast for 2004 from 7-7.6% to 8.5%, and in November - from 8.5% to 9.5%. According to data from the State Statistics Committee, inflation in January-November was 9.7%.
In 2003 inflation was 8.2%.