London analysts on inflation outlook
The emerging market analysts of investment houses in London expect Hungary’s year-on-year inflation to stay over 8% in August, but they also predict a considerable decrease of annual inflation from September onward.
The London section of global financial services group JP Morgan expects 8.2% for August, and a probable lower than 6% figure in September. However, deflation will be stopped by unprocessed food products’ steep price hike in Q4. Banking group Citigroup’s analyst said that the house expects a 8.5% annual inflation for August, because the food price hikes had already left their mark. Dresdner Kleinwort expects an 8.1% whole-basket inflation and a core inflation of 5.1%, the lowest since last December.
BNP Paribas expects 8.3% for August, with core inflation having dropped from July’s 5.6% to 5.1%, no more than 7% for September and no more than 6% for the end of the year. Barclays Capital group has the lowest projection of 8.1%. The year-on-year inflation in September will be very favorable due to the strong base-effects, mainly due to the VAT increases in last September, said the group’s London analyst. (Gazdasági Rádió)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.