June inflation 0.5%

Deputy Minister of Economy Mykhailo Rusynskiy announced at a press conference that June inflation was 0.5%.

“I think that it’s hard to forecast just yet, but the trends that we saw in April and May could be in for an adjustment now,” said Mr. Rusynskiy. “Inflation has affected prices for vegetables, which have become more expensive. I expect inflation to be around 0.5%.”

Earlier, Derzhkomstat, the state statistics agency, announced that inflation from the beginning of the year had not gone over 4.4%, compared to 6.9% in the same period of 2009 and 13.1% in 2008. To reduce inflationary pressure, efforts were made to steadily revive confidence in the banking system among depositors.

According to National Bank of Ukraine (NBU) forecasts, inflation will be around 12-13% for 2010.