KIEV, June 19 – Inflation pressure could weaken in the second half of 2008, according to a survey of Kiev-based Concorde Capital Investment Company.

"The forecasts that were reviewed by the government seem unrealistic. Perhaps their low level is caused by political factors: if the current government resigns, the next government would have to take responsibility for the high prices. The growth in consumer prices reached 14.6% in May 2008, while the government's forecast for 2008 is 15.3%. A similar thing is happening with industrial prices, which saw growth of 24.2% in May 2008 and almost reached the government's forecast of 24.6%. However, inflation pressure should weaken in H2, 2008," the analysts said.