Ukrainian Deputy Prime Minister promises that wages will grow faster than inflation
The growth of minimum social standards in Ukraine in 2017 is envisaged by an average of 11% with a planned inflation rate of 8,5 - 9%.
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Deputy Prime Minister Pavel Rozenko announced this today at a meeting of the board of the Pension Fund of Ukraine.
“In 2016, we managed to overcome inflationary factors. With an inflation rate of 12%, an increase in social standards - the minimum wage, minimum pensions, etc. – occurred by 16-17%,” he said, recalling that in 2015 the inflation rate was 45%, and there was practically no indexation of wages and pensions.
“This year we can also say that the growth of social standards will occur at a rate higher than inflation. The increase in minimum social standards this year is envisaged by an average of 11%, with a planned inflation rate of 8,5 - 9%,” the official assures.
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