Ukrainian government anticipates inflation to reach 26% in 2015

The Ukrainian government expects inflation in the country to amount to 26 percent in 2015, Prime Minister Arseny Yatsenyuk said.

The Ukrainian government expects inflation in the country to amount to 26 percent in 2015, Prime Minister Arseny Yatsenyuk said.

"We anticipate inflation this year to be at 26 percent," Yatsenyuk said at a Cabinet meeting on Saturday.

This level of inflation would objectively reflect the hryvnya exchange rate and growth in consumer prices, he said.

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Russia's consumer price inflation hit 15 percent in annual terms in January, the highest rate since February 1999, on the back of the sharp decline in oil prices last fall and the consequent collapse of the Russian ruble in December. Future fluctuations in the inflation rate are likely to depend on the political settlement of the Ukrainian crisis.

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