Article: Ukraine Business Report (Daily News Briefs: AUG 21, 2002).

HEADLINE NEWS

INFLATION IN UKRAINE TO HIT 3.5% IN 2002 - ECONOMICS MINISTRY

The inflation rate in Ukraine will correspond to the government's pessimistic scenario and will hit 3.5% in 2002, Ukrainian Minister of Economics and European Integration Oleksandr Shlapak said during a hot line Tuesday. One should head for the pessimistic scenario. We do not regard it necessary to change the scenario despite deflation registered early this year, the minister said, adding that the latter half of a year is always more inflationary than the first. The inflation, as the minister put it, will be ridden by a rise in the index of manufacturers' wholesale prices and an ...

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