As in other countries, inflation in this period was affected by the recovery in global oil prices in the latter half of 2016 as was expected; however, adverse weather conditions early this year resulted in a higher than expected increase in the prices of fruit, vegetables and firewood.
But surely everyone must grasp that the major global challenges we face in our time – first and foremost, climate change – can only be overcome if we pull together. And there are other developments as well which are putting many countries to a stiff test – the digital transformation is just one topic I could mention here.