OREANDA-NEWS. September 01, 2007. We expect August inflation to total 1,4%, which is less compared to July, Economy Minister Anatoliy Kinakh said, reported the Official website http://www.kmu.gov.ua.

The 2007 inflation has amounted to 5,6% year-over0year so far, he said.

Drafting the 2007 state budget the Cabinet of Ministers considered the 7,5 inflation and 6,5% GDP.

In accordance width predictions of the European Bank for Reconstruction and Development, 2007 inflation will reach 7,2% and 5,8% GDP under the state budget deficiency of 2,7%.

The International Monetary Fund predicted 5% gdp and 11,3% inflation in 2007.

Meanwhile, the World Bank believes the 2007 inflation and GDP in Ukraine will total 9,7% and 6%, respectively.