October CPI to Fall 'Close to 10%', Minister Says
Photo by noppawan09/Shutterstock.com
October inflation will be "very close to 10%", Gergely Gulyás, the head of the Prime Minister's Office, said at a regular press briefing on Thursday, according to a report by state news wire MTI.
Whether the figure is a little over or a little under 10% will become apparent when the Central Statistical Office (KSH) releases the latest inflation data on Friday, Gulyás said.
The latest projections suggest November CPI will be a little over 8%, at most, and December inflation a few tenths of a percent more than 7%, he added.
Gulyás noted that the government had earlier set a goal to bring CPI down to the single digits by year-end.
Hungary's CPI fell to 12.2% in September, dropping for the eighth month in a row after peaking at 25.7% in January.
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.