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Fall deepens dramatically after a decline of 0.3% y/y the preceding month.
Consumer price inflation dropped from nearly 35% y/y in October to under 25% y/y in February and the BNM expects it to drop down to 6.6% by the end of the year.
The February fall is the first since May 2020 and was more than 2pp below the consensus line.
Russian GDP contracted by 2.1% last year. For the current year, we expect an economic decline of similar magnitude.
In each of the last two quarters of the year, the annual decline was steeper than 10%.
Analysts predict the CPI to embark on an extended descent that might see the index down at around 10% y/y at the end of the year.
World Bank expects Kosovo's economy expanded by 3.1% in 2022, with growth to speed up to 3.7% this year.
23.8% y/y rise in food prices is main driver behind annual hike in consumer prices.
Russian inflation figures for February show the rate fell slightly below market expectations at 11% year on year. However, experts predict that it will fall further in March, to the central bank's target rate of 4% as base effects take hold.
Inflation peaked in late 2022, and is projected to return to the target within the first half of 2024.
Capital Economics thinks that Czech GDP may fall slightly further over the first half of this year and expects only a slow recovery in the second half.
The slowdown in inflation started in November and consumer prices are expected to ease further during the year.
Non-food retail sales rose by 9.1% y/y, indicating strong consumer confidence.
Inflation slowed in Bosnia for the fourth month in a row.
Annual CPI inflation retreated to 8.1% in February from a 9.4% inflation rate the previous month, Galt & Taggart reports.
Slowdown expected as unfavourable trends in industry and construction sectors continued into the fourth quarter.
PMI grew 1 point to 48.5 in February, the highest reading since May 2022.
Growth eased from an expansion of 4.5% y/y in the preceding three months.
Croatia's economic growth started to slow in late 2022 after robust expansion earlier in the year.