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Analysts expect consumer prices to continue rising

Analysis

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The rise in consumer prices may have accelerated further in March, at least according to analysts informing business daily Világgazdaság.

The analysts' consensus forecast was for an increase of 8.2% in February inflation, while the real price increase was 8.3%.

In March, however, inflation continued to rise, and analysts have already predicted a price increase of 8.7%.

They have also further increased their inflation forecast for this year, which predicts inflation of 9.1% by the end of 2022 instead of the previous 7.8%, and an increase in inflation expectations of 4.6% in 2023 to 6%.

Core inflation and tax-adjusted core inflation also accelerated sharply.

Both values ​​were likely 8.7% in March, according to the consensus.

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