cbn statement, 2012-07-24
The Committee noted that in addition to the lag effects of the partial removal of petroleum subsidy in January, other factors fuelling the upside risk to inflation in the near-term include borrowing by government to cover large fiscal deficits in the 2012 budget, and the upward review of electricity tariffs and import Duty on wheat and rice in July 2012.
Sentiment: neutral
Topic: mp_inflation