You're reading: Government official: Inflation slows down in Ukraine in 2011 to 4.7%

Inflation in Ukraine slowed down from 9.2% in 2010 to 4.7% in 2011.

It was announced by Valeriy Muntiyan, the Ukrainian government’s envoy for cooperation with Russia, CIS member countries, the Eurasian Economic Community and other regional associations.

Real wages in Ukraine in 2011 increased by 8.7%, which is more than in neighboring countries, he said on air of the Era Radio on Thursday evening.

According to the State Statistics Service, inflation in Ukraine in January-November 2011 was 4.4%, including 0.1% in November alone.

Ukrainian Prime Minister Mykola Azarov said in late December that inflation in Ukraine would be 4.4%-4.5% in 2011.