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GKI puts 2013 CPI at 5%

GKI expects average annual inflation to edge up to 5% in 2013 from 4.7% this year, the economic research company said in a fresh projection on Monday. In a projection published two weeks earlier - before the government announced household energy prices would be cut by 10% from January 1 - GKI put average annual CPI at 5.5% in 2013. GKI continues to expect Hungary's economy will stagnate next year. Hungary's government expects GDP growth of 0.9% in 2013. GKI puts the general government deficit as a proportion of GDP at 2.7% in 2012 and 3% in 2013. The government target for both years is 2.7%.