摘要:The year 2006 commenced
with a moderation of
consumer price inflation, in
response to tight monetary
policy aided by growth in
domestic production. However,
the developments that took
place thereafter, particularly, the
escalation of oil prices, led to a
reversal of this trend exerting
pressure on inflation during the
remainder of the year. The rise in
prices was a consequence of the
combined effects of demand
pressure, increases in
administered prices and supply
side disturbances. The pressure
on prices from the demand side
was directed from the relatively
high monetary growth, that arose
from high public and private sector
credit due to increased
consumption, as well as increased
government expenditure and
borrowings.