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Ukraine avoids double-digit inflation for third time in history
Journal Staff Report

KIEV, Jan. 10 – Ukraine managed to reach one-digit inflation in 2010 for the third time in its history, and now the task for 2011 is further inflation reduction, Valeriy Lytvytsky, the head of the group of advisors to the National Bank of Ukraine, has said.

"This was a long-awaited event: the previous time one-digit inflation in Ukraine was registered seven years ago in 2003, when it reached 8.2% and it was combined with almost 9% growth. Now we need to take measures to retain the downward trend," he said in an interview with Interfax-Ukraine.




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