PM Groysman expects slowdown in inflation in Ukraine in 2018

"There will be a slowdown in inflation next year, which is a natural process. Both prices and households' incomes will be more stable," Groysman said on Ukrainian television.

At the same time, the prime minister says this year's rise in prices is due to an improvement in consumer confidence and an increase in investment amid the economic recovery.

Read alsoUkraine's central bank to update 2017 inflation forecast late in OctAccording to the official, the government needs to ensure the growth of the economy, in particular, by eliminating the state agencies' pressure on businesses, introducing the responsibility of officials for illegal inspections, and establishing a Financial Intelligence Service, which is designed to replace all law-enforcement agencies dealing with economic issues.

As UNIAN reported earlier, the government and the National Bank of Ukraine (NBU) forecast a 12.2% inflation in Ukraine in 2017. At the beginning of the year the government's projected figure was 10%, while that of the National Bank stood at 9.1%.

In 2018, the NBU expects a reduction in inflation in Ukraine to the target level.