Analysts see February CPI reaching 5.6% on VAT hike, weaker forint
Analysts estimate year-on-year consumer price inflation accelerated to 5.6% in February from 5.5% in January, climbing on a hike in the main VAT rate and the weaker forint, business daily Napi Gazdaság said on Friday.
February CPI climbed mainly on food prices and the prices of market-based services, analyst Zoltán Török of Raiffeisen Bank said.
Hungary's main VAT rate rose from 25% to 27% from January 1. The forint was 7% weaker in February than a year earlier, although it strengthened 5% from the previous month.
The analysts asked by Napi put average annual inflation at 5.2% for 2012 and 3.2% for 2013.
The Central Statistics Office (KSH) will publish February CPI on Tuesday.
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.