The Central Bank reports that the inflation rate for December was 0.63%, compared to the previous month, bringing the inflation in 2012 to 3.91%. This was below the forecast inflation of 5.5%. The Central Bank attributes this to the effectiveness of the monetary policy and low interest rates in 2012. Price increases in the categories of food and non-alcoholic beverages (6.34%), transport (3.24%), education (16.25%), and restaurants and hotels (3.88%) had the greatest effect on inflation.
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