Inflation stood at -0.9% at the end of 2015, from -1.1% in November and the -1.87% low touched in August.
Excluding the impact of a five-point cut in the value-added tax on food starting June, inflation would have touched around 2% in December, within the central bank’s variation target of 2.5% plus/minus one percentage point.
Back in November, the central bank revised its inflation forecast and sees the indicator at 1.1% in 2016.