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Inflation forecast: 1.8% in 2017 and 1.6% in 2018
17-02-2017 | STATEC

STATEC forecasts inflation to stand at 1.8% in 2017. Merely at 0.3% in 2016, the inflation rate would rise substantially this year partly due to a positive impact of oil prices, the first one in 5 years. For 2018, STATEC forecasts a slight lowering of the overall inflation rate to 1.6% despite a gradual increase in underlying inflation. Based on these forecasts, the next automatic indexation of wages and salaries would occur in 2018.