Central Bank Forecasts Controlled Inflation As Non-Oil Sector Drives Growth
Looking ahead to 2026, inflation is expected to ease slightly to 5.7%, driven by household consumption (+1.11 p.p.), agricultural producer prices (+3.16 p.p.), government spending (+0.11 p.p.), and external price pressures (+2.0 p.p.). The nominal effective exchange rate is projected to dampen inflationary pressures (–2.16 p.p.).
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