Macroeconomic Forecast Trinidad & TobagoJanuary 2009 | Macroeconomic Forecasts
While our original end-2008 inflation forecast of 10.5% may prove to be optimistic (hence our decision to bump it up to 14.0%), latest data does show that price pressures have started to ease significantly in line with our assertions. Month-on-month inflation came in at just 0.3% in November 2008 - the slowest pace in seven months - bringing the year-on-year rate down to a three-month low of 14.3%. We expect the disinflationary trend to gather momentum in 2009, as commodity prices remain subdued and the wheels come of local economic activity. As such, we stick to our end-2009 inflation projection of 7.5% for now.
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