The World Bank on Monday raised its 2008 inflation forecast for Ukraine to 13.8 percent from its previous figure of 9.6 percent, according to Reuters.

Martin Raiser, a senior economic adviser to the bank in Ukraine, said new adjustments might be needed if the government proceeded with a planned $4 billion compensation for depositors who lost savings in Soviet-era deposits.

"If this truly does occur, we will be obliged to review our forecast because additional purchasing power will be transformed into inflation," he told a news conference.