Azarov blames nature and Yushchenko for abnormally high inflation

14:14, 03 September 2007
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“Who of us could foresee such a big disaster as the drought..."

The main reasons of the abnormally high inflation in June-July were the draught and the unstable political situation.

According to an UNIAN correspondent, Top Deputy Prime Minister, Finance Minister of Ukraine Mykola Azarov disclosed this to journalists on 1 September.

“Who of us could foresee that we will encounter such a big disaster as the drought, who could foresee that the oil and metal prices will jump so high, and this is the basic pricing factor. That is why we are keeping on with the parameters that we stipulated.

And the least and most important: when we, in September and October of the last year, or rather, in September, calculated the inflation for 2007, who could predict that our esteemed President will ran the risk of aggravating the social-economic situation and will dissolve the Verkhovna Rada. This abnormal for June and July inflation is based upon political decisions and the political situation. When I said in April that Ukraine will suffer from the consequences of this political situation, I did not mean April or May, or June, I meant that we will feel the consciences of this decision on our own backs this year, the next year, and even in 2009 and 2010”, M.Azarov said.

He also stressed that it is practically impossible to precisely forecast the inflation index for this or that period, as a result of which the forecast and the real index coincide very rarely.

“When we are reproached for we did not calculate the inflation precisely, I do not perceive these reprimands, because, if anybody knows how the inflation is calculated, or is a specialist in this sphere, he knows perfectly that nowhere, in no world countries, the preliminary inflation forecasts coincide with the real showing”, M.Azarov stressed.

As UNIAN reported earlier, the inflation in July of 2007, compared to July of 2006, made up 13.6%, during January-July of 2007, compared to January-July of 2006 – 11.2%.

When forming the state budget for the year 2007, the government forecasted the inflation at 7.5%.

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