Government Admits Slower Inflation Decline, Extends Single Digit Goal to 2029
The Ministry of Economy admitted that inflation will decrease more slowly than expected, tripling its forecast for 2027 and postponing the official goal of a single digit inflation rate until 2029. The upward revision of inflation dynamics was reflected in the macroeconomic assumptions of the Budget 2027, showing a substantial difference in the projected pace of deceleration compared to the Budget 2026. Experts attribute the delay to international factors and inertial processes of inflation.4 sourcesSee all sources