Analysts expect inflation of around two percent
The targeted VAT cuts in certain goods and services (poultry meat, eggs, raw milk, internet, hospitality) reduce inflation, while the fuel prices, rising domestic demand and wage increases increase consumer price indices, so inflation is likely to remain around 2 percent in the remainder of the year – analysts told MTI.
According to the latest communication of the Central Statistical Office (KSH), consumer prices were 2.1 percent higher on average in July than in the previous year, compared to the same period of last June. (MTI)
Related news
Inflation can also be seen in popular fish dishes
As the summer season approaches, the prices of popular fish…
Read more >During the year, the big domestic banks can raise their fees again
As a consequence of inflation, the major Hungarian banks were…
Read more >K&H: the inflation anomaly is clearly visible, but customers perceive it differently
Although inflation has slowed down a lot, according to the…
Read more >Related news
KSH: retail turnover increased by 4.2 percent compared to the same period of the previous year, and by 2.0 percent compared to the previous month
According to raw data, the volume of retail sales in…
Read more >Significant increase in retail trade – sector outlook
In March, retail sales volume increased significantly by 2% compared…
Read more >NGM: the recovery of consumption is becoming more and more dynamic, retail turnover increased by 4.2 percent in March, which means that consumption has increased for three consecutive months
Based on the latest data from the Central Statistical Office…
Read more >