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Analysts put March CPI at 2.6%

Analysts polled by business daily Napi Gazdaság estimate year-on-year consumer price inflation was 2.6% in March compared to 2.8% in the previous month. The Central Statistics Office (KSH) will publish March inflation figures on Thursday. The analysts believe that the central bank's inflation target of 3% is achievable and sustainable this year. They said the index could fall close to 2% in the summer, but rise again in the second half of the year, possibly even above 3%, as the favorable base effect is expected to reverse towards the end of the year. London-based emerging markets analysts said Hungary's headline consumer inflation is likely to have decelerated to around 2.5% last month on the back of base effects and regulated utility price cuts.