KIEV, July 22 – Prime Minister Yulia Tymoshenko said she is expecting to see deflation in July and an accelerated GDP growth by the end of this year.

All but two Ukrainian regions registered significant deflation in the first 20 days of July, she said at a meeting of the council of investors at the Cabinet of Ministers on Tuesday.

"There are all grounds to believe that July will see deflation," Tymoshenko said.