Deflation at 1.3% in February – forecast

Consumer inflation will stand at -1.3 percent in February year-on-year, according to analysts from the Ministry of the Economy. “In February 2015, prices should remain at the same level as in January. Prices in the transport sector will be stable, while prices of food products will continue to grow. Additionally, prices of clothing and footwear will slightly fall. Deflation in February is expected to stay at 1.3 percent,” the ministry informed. In January, consumer inflation also stood at -1.3  percent y/y, the Central Statistical Office (GUS) announced on Friday.