Analytics, Inflation, Latvia
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Thursday, 25.04.2024, 16:45
Swedbank projects 0.3% inflation in Latvia in 2015
BC, Riga, 11.11.2015.
Print version
Print versionSwedbank analysts in Latvia have reduced their inflation forecast for the years 2015 and 2016, reports LETA.
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| BC's photo. |
Swedbank has reduced Latvia's inflation forecast for this year from 0.5% to 0.3%.
The bank has also reduced its inflation forecast for 2016 from 2% to 1.5%.
Meanwhile, the bank's analysts believe that consumer prices in 2017 could increase by about 2.3%.
Swedbank chief economic expert in Latvia Lija Strasuna explains that there will be a very moderate increase in prices in the next two years, mostly due to internal factors.
However, the increase in inflation will remain lower than the increase in salaries, thus the purchasing power of the workforce will increase, she pointed out.
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