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Economy Minister Bohdan Danylyshyn		Economy Minister Bohdan Danylyshyn		Economy Minister Bohdan Danylyshyn
Economy Minister Bohdan Danylyshyn		Economy Minister Bohdan Danylyshyn		Economy Minister Bohdan Danylyshyn
Economy Minister Bohdan Danylyshyn		Economy Minister Bohdan Danylyshyn		Economy Minister Bohdan Danylyshyn
министр экономики Богдан Данилишин

The Ministry of Economy of Ukraine predicts a positive impact of hryvnia rate strengthening on inflation rate slowing in the second half of 2008.

Ukrainian News learned this from the press-release of the Ministry of Economy.

"The Ministry of Economy has estimated disinflation impact on revaluation at 1.5 - 2 percentage notches in 2008," the press-release states.

"This will promote reduction in inflation dynamics in the second half of the year and hence, will lead to getting down inflation backdrop in economy as a whole," the Ministry says.

Increase in purchasing power within inflation rate reduction, and in receipts for agricultural raw materials processing due to the expected high yield will facilitate the activity of food industry enterprises and increase their output.

Gross-added value is expected to go up in trade, transport and communications because of high demands from key industries and service users and larger personal incomes.

As Ukrainian News reported, inflation in June was 0.8%, in May 1.3%.

In 2007 inflation reached 16.6%, in 2006 11.6%.

The Cabinet of Ministers worsened inflation forecast from 9.6% to 15.3% at the 27 June meeting, and at the meeting on July 5 the forecast was worsened to 15.9%.