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Maroc Maroc - WN.COM - Environment - 23/Mar 00:26

High oil prices challenge inflation control target

Construction material prices are projected to increase slightly, with steel prices potentially rising by around 7 per cent year-on-year due to the promotion of infrastructure development and the recovery of the real estate market. Compiled by Thu Hà HÀ NỘI — If oil prices continue to rise due to prolonged Middle East tensions could increase the consumer price index (CPI) by approximately 1-2 percentage points. In this case, analysts say, controlling inflation below the 4.5 per cent target set by the National Assembly for this year will become more challenging. According to analysts from Saigon Securities Incorporation's (SSI) research division, escalating tensions in the Middle...

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