Inflation : NESDB revises its forecast… +5,3 to 5,8 % in 2008

March 11
The agency also maintains the inflation target at 3.2-3.7 per cent. Despite the skyrocketing prices in the first quarter, NESDB believes that prices would fall in the second quarter. It is favourable if the first quarter inflation could be kept at 5 per cent.

I wrote then : “See you in the second quarter folks”…

May 26
Loosing face must have some limits. So the NESDB revises, at last, its forecast. It “has increased its inflationary target from between 3.2 and 3.7 per cent, to between 5.3 and 5.8 per cent (TOC).

πŸ˜‰

Do I dare to play it again ? Yes.

“See you in the third quarter folks”. ! πŸ˜‰

The inflation tsunami is on the move.

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