Analysts put Dec CPI at 4.1%

Analysis

Analysts estimate consumer price inflation slowed to 4.1% year-on-year in December from 4.3% in November, business daily Napi Gazdasag said on Wednesday.

Prices in November were lifted by excise tax hikes on tobacco and vehicle fuel, the analysts said.

The analysts put month-on-month CPI at 0.3% in December, following a 0.7% increase in November.

Looking ahead, Janos Samu of Concorde said the January VAT increase may add half a percentage point to CPI..

The analysts projected average annual inflation of 4.9% for 2012, picking up from an estimated 4% in 2011.

Emerging market analysts in London put December CPI at 4.2%-4.4% in December, attributing higher prices to the weak forint, higher taxes and rising fuel prices.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.