The forecasts for this year and the next were raised from 4.6% and 3.6%, respectively, in a projection released early in October. 

Kopint-Tárki lowered both its forecasts for average annual inflation  by one-tenth of a percentage point to 2.9% for 2018, and 3.4% for 2019. 

The unemployment rate is set to fall from 3.7% this year to 3.3% in 2019, it added.