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)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.