Analysts expect a maximum of two and a half percent inflation, the OKSZ is confident that consumption will increase

On the basis of the significantly lower than expected March inflation data, analysts lowered their annual average inflation forecasts for 2013. They expect a maximum of 2.5 percent price increase, and assume that the rate in 2014 will remain below the 3 percent target, while the central bank’s base rate will be around 4 percent or below this year.

According to the datas of the Central Statistics Office (KSH) released on Thursday, annual inflation rate was 2.2 percent in March, and consumer prices increased by 0.3 percent compared to February. The data shows the significant slowdown of consumer price inflation after the 3.7 percent annual inflation of  January and the 2.8 percent annual inflation of February. (MTI)