Government raises inflation forecasts for this year and 2027

Inflation, according to the CPIF measure, is expected to reach 1.5 percent this year and then rise to 2.3 percent in 2027. For 2028, the government expects CPIF inflation to be 2.8 percent.

In the government’s previous forecast, from early October, CPIF inflation was projected at 1.3 percent this year and 1.9 percent in 2027. The forecast for inflation in 2028 was unchanged.

Otherwise, the growth and unemployment forecasts are unchanged from the October figures.