Inflation in Ukraine ahead of the pace of price growth in Russia.

During the first two months of 2009 inflation in Ukraine is fixed at 4.4 percent. This agency UNIAN reports, referring to data of State Statistics Committee of Ukraine. By comparison, consumer prices in Russia in January and February increased by 4.1 per cent. Thus, Russia and Ukraine were among those countries where inflation is in a crisis not only reduced, but continues to grow.
Recall that in 2008 inflation in Russia amounted to 13.3 percent. In 2009 the Government plans to keep the growth rate of prices within 14 percent, but officials do not rule out that inflation could reach 15 percent. In Ukraine, in 2008 the pace of price growth was 22.3 percent, far surpassing the government projection.
In the developed countries and major developing countries in recent times the annual inflation rate slowed down, but on the basis of the winter months was recorded deflation. In particular, on March 10, China reported lower prices.
The deflation in many countries around the world due to the fact that the producers in terms of reducing demand lower prices to increase sales. In Russia and Ukraine, this process also occurs, but the devaluation of local currencies and the consequent increase in prices of imported goods leads to inflation.