Inflation forecast: 1.3% in 2018 and 1.7% in 2019

STATEC is revising its inflation forecasts slightly downwards. Most of this adjustment comes from the latest data, which suggests that underlying inflation may be weaker. However, a further increase in oil prices partly offsets this effect. Inflation would thus accelerate from 1.3% in 2018 to 1.7% in 2019. The next automatic indexation of wages, salaries and pensions is forecasted for the third quarter of 2018.