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January 18, 2022

Annual inflation back above 7 pc, analysts say

According to the estimates of the Association of Financial-Banking Analysts (AAFBR), consumer prices have risen by 0.5 per cent in February, so that the annual inflation rate surpassed 7 per cent. The analysts revised upwards their prognosis for the inflation rate at the end of this year, namely from 4.3 to 4.5 per cent. “According to the opinions expressed by the members of AAFBR in the monthly internal poll, the inflation rate probably stood at 0.5 per cent in February this year (estimates vary from 0.3 to 0.7 per cent), while the annual rate stood at 7.3 per cent (estimates vary from 6.5 to 7.5 per cent),” an AAFBR communiqué reads. All analysts interviewed forecast that at the end of the year the inflation rate will surpass the upper limit of BNR’s target interval, estimates ranging from 4 per cent (upper limit of the variation interval targeted by BNR) to 5.2 per cent. For the end of 2012 the prognoses of AAFBR members that took part in the poll point to an annual inflation rate of 3.5 per cent (estimates vary from 3.1 per cent to 5 per cent). The outlook on the annual inflation rate at the end of 2012 remained unchanged since the previous poll. In January consumer prices grew by 0.77 per cent however the annual inflation rate dropped by 1 per cent month-on-month to 6.99 per cent, benefiting from a positive base effect.

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