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Published on Friday, March 6, 2015

Inflation reached its highest level in ten years in February

After moving above 7.0% in January, inflation reached 7.7% in February, the highest level since May 2005. The adjustment in the prices of administered goods and services is the main factor behind the recent increase in domestic prices. We expect inflation to remain at exceptionally high levels in March, to moderate somewhat afterwards and close the year at 6.9%.

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