Analysts predict dropping inflation

Food

According to analysts, inflation has reached a peak in the Eastern-European region with a declining trend to follow.

Average figures calculated by Dow Jones showed that annual inflation in Hungary has dropped to 6.5% in August from July’s 6.7%. The decrease can be attributed to falling raw food and lower crude oil prices, as well as the strengthening of the forint against the euro.

A Goldman Sachs analyst said that, if the price of crude oil does not change, the Hungarian Central Bank (MNB) could cut the base rate within the year. Experts also project that annual inflation dropped from July’s 6.9% to 6.6% in August in the Czech Republic and to 4.7% from 4.8% in Slovakia. Czech and Slovakian inflation figures are to be published today and on Wednesday, respectively. (Gazdasági Rádió)

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