recorded in January this year, inflation (2.9%) dramatically reduces the chance of retaining the growth of consumer prices in 2009 at a government forecast (9.5%), considered the head of the group of advisers NBU Valery Litvitsky chapter.

“We have an urge to stagflation - sandwiched cash offer”, - he commented on the inflation outcome of January the agency “Interfax-Ukraine”.

However, in his estimation, should not dramatize the situation, since the January 2008 consumer price inflation was at the same level.

It was reported that inflation in Ukraine in January accelerated to 2.9% compared to 2,1% in December 2008. In 2008, inflation in the country amounted to 22,3%, which is a record-high rate after 2000, when it reached 25,8%.

Team Leader Adviser to the Head of the NBU said that in January, inflation stimulated the reduction of domestic production against a background of declining imports, and their appreciation.

“Domestic manufacturers have not yet fill a niche demand, which was opened because of import The settling of a”, - stressed Litvitsky.

According to him, increasing pressure on prices also influenced by the increased in December and January, the budget expenditures, growth in food prices, weakening hryvnia rate, faster growth rates, particularly for utilities to transportation.

At the same time, he said, was recovered in January, an increase in producer prices was also a negative factor for consumer inflation.

In addition, he noted that inflation, increased fuel excise taxes, and passivity in the matter of administrative influence on prices.

“Degradation of buried power, even the pathetic remnant of price administration in the regions”, - said Litvitsky.

Team Leader Adviser to the Head of NBU also noted that devalvatsionnye and inflation expectations are at a high level, which fuels the outflow of deposits.

“Prokrizisnaya rhetoric, including in Parliament, and shapkozakidatelsky tone, which has no one to believe - it has pushed expectations of rising prices. Hence the outflow of deposits. propensity to save is now giving way to a propensity to consumer spending,” - he said.

In general, in his opinion, the authorities should increase their focus on situation with prices.

“There will be price stability and will be no success in the programs and support the economy”, - explained Litvitsky.

Referring to the need for the authorities, Litvitsky noted the desirability of reviewing the state budget in a more realistic macro-economic performance and raise the rates of National Bank.

Thus, in his opinion, it is also necessary to strengthen the control over target use of the National Bank refinancing.

recorded in January this year, inflation (2.9%) dramatically reduces the chance of retaining the growth of consumer prices in 2009 at a government forecast (9.5%), considered the head of the group of advisers NBU Valery Litvitsky chapter.

“We have an urge to stagflation - sandwiched cash offer”, - he commented on the inflation outcome of January the agency “Interfax-Ukraine”.

However, in his estimation, should not dramatize the situation, since the January 2008 consumer price inflation was at the same level.

It was reported that inflation in Ukraine in January accelerated to 2.9% compared to 2,1% in December 2008. In 2008, inflation in the country amounted to 22,3%, which is a record-high rate after 2000, when it reached 25,8%.

Team Leader Adviser to the Head of the NBU said that in January, inflation stimulated the reduction of domestic production against a background of declining imports, and their appreciation.

“Domestic manufacturers have not yet fill a niche demand, which was opened because of import The settling of a”, - stressed Litvitsky.

According to him, increasing pressure on prices also influenced by the increased in December and January, the budget expenditures, growth in food prices, weakening hryvnia rate, faster growth rates, particularly for utilities to transportation.

At the same time, he said, was recovered in January, an increase in producer prices was also a negative factor for consumer inflation.

In addition, he noted that inflation, increased fuel excise taxes, and passivity in the matter of administrative influence on prices.

“Degradation of buried power, even the pathetic remnant of price administration in the regions”, - said Litvitsky.

Team Leader Adviser to the Head of NBU also noted that devalvatsionnye and inflation expectations are at a high level, which fuels the outflow of deposits.

“Prokrizisnaya rhetoric, including in Parliament, and shapkozakidatelsky tone, which has no one to believe - it has pushed expectations of rising prices. Hence the outflow of deposits. propensity to save is now giving way to a propensity to consumer spending,” - he said.

In general, in his opinion, the authorities should increase their focus on situation with prices.

“There will be price stability and will be no success in the programs and support the economy”, - explained Litvitsky.

Referring to the need for the authorities, Litvitsky noted the desirability of reviewing the state budget in a more realistic macro-economic performance and raise the rates of National Bank.

Thus, in his opinion, it is also necessary to strengthen the control over target use of the National Bank refinancing.