Analysts: CPI slowing unexpected, consolidation continues

Analysis

Analysts queried by Hungarian news agency MTI said that the slowing growth of CPI to a year-on-year 0.4% in July as reported by the Central Statistical Office (KSH), was unexpected and consolidation of the core inflation is expected to continue, MTI said today.

Dávid Németh of K&H Bank told MTI that the July data was not unexpected, underlying inflationary trends are unchanged as is their inflation forecast.

Takarékbank analyst Gergely Suppan said inflation was slightly below expectations and in the next few months CPI could drop to close to 0% on falling fuel prices.

ING Bank senior analyst András Balatoni told the news agency that consolidation of the core inflation continues. Higher retail sales give bigger freedom for companies in setting their prices and economic growth will probably strengthen inflationary pressure.

ADVERTISEMENT

289 new COVID cases registered in Hungary Figures

289 new COVID cases registered in Hungary

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.