Analysts put October inflation at 3.6% - Napi Gazdaság

Food

Analysts polled by business daily Napi Gazdaság estimate consumer prices rose 3.6% year-on-year in October, unchanged from the previous month.

The analysts put month-on-month CPI at 0.4% in October, following a 0.1% drop in consumer prices in September.

The Central Statistics Office (KSH) will publish October inflation data on Friday.

Analyst István Horváth of UniCredit said inflation was driven by the price of petrol, which represents a fairly large percentage in the consumer basket, as well as by food and clothing prices.

In the coming months, the excise tax raise could give an extra boost to prices, but inflation could still remain just under 4%, Sándor Jobbágy of CIB Bank said. Jobbágy put annual average inflation at 3.9% for 2011.

The analysts’ consensus for annual average inflation in 2012 is 4.8%, the paper added.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.