In the first quarter of 2022, inflation rose to 7.7% on an annual basis. The rise in prices is almost entirely driven by global pressures on commodity and energy prices, but they have also spread to the wider consumer basket, especially in housing and restaurant-hotel services, Finance Think reported and added that it was revising downwards its 2022 GDP growth projection to 2.8%, while annual inflation is projected at 9.7%. Construction fell 17.2 percent.
