BIEC expects slower price decreases

The future inflation index calculated by the Bureau for Investments and Economic Cycles (BIEC) inched up by 0.3 points month-on-month in December, BIEC reported. "The economy is still dominated by deflation factors supported by external impulses mainly associated with a persistent decline in prices in the commodity markets. Hence , in the near future one can expect only a slightly slower decline in consumer prices, and in the months when prices usually rise due to seasonal causes the price index CPI may increase slightly ," BIEC informed.