“The annual inflation rate has slowed down since the last monetary policy meeting of the Board of Governors. In 2023, the 12-month inflation rate stood at the lower limit of the target range, amounting to 2.1 percent. A decrease in inflation was observed across all components of the consumer basket. Annual food inflation was recorded at 0.8 percent, while non-food and services inflation reached 2.7 percent and 3.7 percent, respectively. Current inflation dynamics have also influenced inflation expectations,” added the Governor.
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