KYIV, Feb 12 – Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn points out for the need for the review by the Ukrainian government of its price-setting policy for foods in order reduce inflationary pressure.

"It is advisable to introduce a reduced value-added tax (VAT) rate on food products along with the introduction of limits on trade margins, as is the case in European countries: the ceiling markup on foodstuffs should not exceed 15% of the producer's price, it should not be higher than 30% for domestic products and 30% of the price indicated at the customs for imported goods," he wrote on Facebook.