BIEC: no inflationary pressures

The future inflation index (WPI) calculated by the Bureau for Investments and Economic Cycles (BIEC) inched up by 0.4 points month-on-month to 76 points in February, BIEC reported. "Still, despite the increase of the inflation index , the risk of inflationary pressures is not on the horizon. The economy and its environment outweigh the forces acting in the direction of price stabilization or a small deflation," a statement by BIEC read. The Bureau said that the only factor, that in the near future may cause an increase in prices is the exchange rate. "In the long term, depreciation of the domestic currency may increase the value of imports, cause a growth in transport costs and encourage domestic producers to raise prices", the statement also read.