Inflation may be lower, due to the persistently low oil prices

If the price of oil remain low in 2015 on the international markets, the annual inflation may be lower than the Ministry of National Economy’s (NGM) forecast of 1.8 percent – the ministry told MTI on Wednesday.

The Communication recalls that the inflation rate was minus 0.2 percent throughout last year, after due to the overhead reductions a decline was observed in the price levels in December.

According to the Ministry of National Economy (NGM), the trend will continue this year. In the beginning of the year is also a low inflation rate is expected, mainly due to the falling oil prices and because of the moderate inflation across Europe. (MTI)