KIEV, March 12 – The acceleration of inflation in February to 0.6% does not bring a threat to the price stability in the country, although the bursting increase in it pace could have affected the economic development, according to Valeriy Lytvytsky, an advisor to the governor of the National Bank of Ukraine.

"The price situation in Ukraine remains stable. It's likely that the deflation page in the price history of Ukraine is turned, at least, until the arrival of summer seasonal effects. However, a sharp switch to the high inflation zone would have been risky," he told Interfax-Ukraine on Tuesday, March 11.

Lytvytsky said that consumer prices have not decreased for the sixth month in a row. In February 2014, inflation was the highest over the period since May 2011 and it was even more than inflation last year (0.5%).