“According to predictions, due to the increase of world prices of agricultural goods, grocery items, stapled goods and raw materials in the first quarter of 2011 the 12-month inflation will remain. The 12-month inflation value by the end of the first quarter is predicted around 9.5%,” reads the CB report released yesterday. The report is titled Monetary Project 2011 – 1st quarter. According to the Central Bank, starting from the third quarter, the rates of inflation will slow down as a result of the acquittal of the mentioned shocks and the central value of the inflation by the end of the year will amount to 5.3%. “In conditions of current uncertainty the deflection from the central value of inflation is also possible. With approximately 41% probability the inflation by the end of the year will teeter around 5.5-7.5%,” reads the CB report by justifying the high level of the third quarter inflation in advance.
