OREANDA-NEWS. May 07, 2008. According to the results of the latest Latvian entrepreneurs' business activity research, Parex Index, conducted in March 2008, the majority of entrepreneurs don't believe that inflation will start decreasing until the end of the current year, reported the press-centre of Parex.

Responding to the additional question When do you think the inflation rate will start decreasing?, 56,2% of the 750 entrepreneurs surveyed believed, that the inflation would not slowdown until winter 2008.

22,1% of those surveyed considered that a decline in the rate of inflation could start at the end of 2008 and into early 2009. However, 34,1% of the respondents don't expect a decline in inflation to be seen until 2009 at the earliest.

Only 3,9% of the surveyed respondents thought that the inflation rate would start decreasing this summer, with 18,5% of the opinion that inflation would decrease this autumn. Only 0,3% of the respondents gave an optimistic assessment believing that inflation would begin to slow down from this spring.

The results of the survey showed that the most pessimistic assessment towards an inflation decrease was seen among enterprises with shared domestic and foreign capital. 42,9% of these respondents expect the slowdown of inflation later than winter 2008/2009. However, companies with foreign capital were much more optimistic. 6,8% of the surveyed respondents believed, that the rate of inflation would start decreasing by the summer.