As any other projection, this projection carries its own risks, which are associated mostly with the international environment and are slightly skewed to the upside. My colleagues will explain them in more detail later on.
Chart 1Inflation projection (y-o-y rates, in %) 10 9 8 7  6 5 4 3 2  1 0 -1 12 2019  3  6  9  12 2020  3  6  9  12 2021  3  6  9  12 2022  3  6  9  12 2023  Source: NBS.