BIEC expects slower prices fall

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 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 are usually rising for seasonal causes, price index CPI may slightly increase," BIEC informed.