Presenting the MNB’s fresh quarterly Inflation Report, Balatoni said CPI would rise moderately for the rest of the year, edging over 4% in December.
The MNB puts 2024 average annual inflation at 3.5-3.9% in the fresh report, compared to 3-4.5% in the one published in June.
Balatoni said disinflation would continue in the first quarter of 2025, supported by a lower external cost environment and lower retrospective repricing.
The effect of retrospective pricing of services will wind down, while core inflation could start to fall in the second half of the year, bringing CPI back to the central bank’s 2-4% tolerance band in a sustainable manner, he added.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
