OREANDA-NEWS. On 8 February 2008 was announced, that the population's incomes in Ukraine rose by extraordinary 22.1% in December, compared to November, to UAH 74,051 million; and the population's savings totaled UAH 11,490 million (53% m/m growth). In December, wages and salaries rose by 25.9% to UAH 32,309 million, social transfers and other current and capital transfers rose by 21.5% to UAH 26,829 million compared to November.

This extraordinary increase may be a result of the government's loose fiscal policy to fulfill pre-election promises. It helped by boosting the consumer sector but it also had an impact on inflation in December and January.