Government blames global price trends for ukraine’s inflation
2011-03-10 17:00:56
Prime Minister Azarov said yesterday that global food and energy price increases are responsible for the fact that February’s inflation rate was three times as high as in January. However while there is a reasonable connection between global developments and Ukraine’s energy prices, the government has done everything possible to prevent the existence of that link between Ukraine’s domestic wheat price with global dynamics. It seems apparent the government is not prepared to admit policy failure.