Goldman Sachs: CPI positive by 2015

Food

TOO SMALL, DO NOT USE

London-based economists from Goldman Sachs are expecting Hungarian CPI to drop 0.3% in September year-on-year primarily due to continued decrease in fuel prices and base effects of certain components of core inflation, whilst JP Morgan analysts are expecting 0.2% drop in CPI for the same period, according to reports from Hungarian news agency MTI.

Like most London-based banks, GS analysts also forecast positive inflation data for the fourth quarter due to the fact that last year’s utility price reductions are no longer a consideration while food prices are expected to increase. In spite of negative CPI in September, Goldman Sachs analysts are expecting Hungarian inflation to accelerate to 3% by mid-2015, in line with the central bank’s targets.

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