<h1>Inflation projections revised upward due to rising precious metals prices; core inflation remains benign but upside risks persist.</h1> The central bank modestly raised CPI inflation projections-current year to 2.1% and Q1/Q2 of 2026-27 to 4.0% and 4.2%-principally due to higher precious metals prices accounting for about 60-70 basis points; headline inflation remained low while core inflation excluding food and fuel is benign at 2.6%, though geopolitical, energy and weather risks present upside pressure and a new CPI series will inform the April full-year projection.