Analysts see Hungary’s CPI remaining over 6%
Analysts said they did not expect Hungary’s mconsumer price inflation to fall under 6% this year after July data showed twelve-month CPI was 6.7%, level with the June figure.
Raiffeisen Bank's Zoltán Török said further increases to centrally-regulated gas prices would prevent CPI from falling under 6% for the rest of the year. He put average annual inflation at 6.7% and added that the Central Bank (MNB) was unlikely to start cutting rates until 2009. (MTI – Econews)
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