"Specialists from the London Institute of World Economics claim that the hidden inflation rate in Ukraine is 14.5%. Our partners from Germany and Sweden hold approximately the same opinion," stated on August 15 Volodymyr Tsybulskyi, director of OJSC "Lutsk Bearing Plant" within the Swedish company SKF, during a roundtable meeting "The State's Exchange Rate Policy Regarding the National Currency and Its Impact on the Economy." This was reported on August 16 by the Western Information Corporation's own correspondent. \n \nAccording to him, these data show that the revaluation of the hryvnia carried out by the National Bank of Ukraine on April 21 did not produce the desired result. Although according to official data from the State Statistics Committee, the inflation rate in Ukraine since the beginning of the year was 106.7%, Lutsk residents tend to trust foreign specialists more. \n \nIn favor of the cited figures, the fact that prices for imported household appliances in Ukraine did not become lower may testify, although after the revaluation of the hryvnia they should have decreased by at least 4.8-5%. \n \nThe revaluation also dealt a noticeable blow to citizens who kept their deposits in foreign currency. According to calculations by Oleh Ivaniuk, deputy director of the Volyn Main Regional Directorate of CB "PrivatBank," depositors lost about 1 billion hryvnias from this. People became poorer, so if the inflation rate were as predicted by the State Statistics Committee, the decrease in demand for imported goods should indeed have led to their becoming cheaper. \n