Analysts expect rising inflation in Hungary

London-based analysts at J.P. Morgan and Morgan Stanley both predicted on Sunday that Hungaryʼs annual rate of inflation would rise steeply in the near future, Hungarian news agency MTI reported.

Analysts at J.P. Morgan expect Hungaryʼs annual inflation to be at 0.9% in December 2015 and a rise to 1.4% in January 2016. The rise can be explained mostly by base effects.

Hungarian consumer prices decreased by 0.4% in September 2015 then rose by 0.1% in October and by 0.5% in November, marking a clear trend.

Analysts at Morgan Stanley are also predicting that annual inflation will increase in the coming months, but they see slower inflation dynamics starting from the second quarter of 2016.

Analysts at J.P. Morgan expect Hungarian inflation to be at 2.1% at the end of 2016, while Morgan Stanley predicts 1.7% inflation in 2016.

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