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Inflation forecast: 1.7% in 2017 and 1.4 % in 2018
08-11-2017 | STATEC

STATEC revises down its inflation forecasts compared to those published in August: -0.1 percentage points for 2017 and -0.2 percentage points for 2018. This revision stems mainly from the impact of the new rates for child-care service vouchers, which drags inflation down. Additionally, underlying inflation has evolved less dynamically than anticipated over the last months. The recent climb in oil prices partially counterbalances these impacts. The next automatic indexation of wages, salaries and pensions is forecasted for the third quarter of 2018.