Trademagazin > News and articles > Market News > Weather and climate effects influence the price of agricultural products
Weather and climate effects influence the price of agricultural products
Finance Ministry will raise its previous forecast in September.
Finance Minister János Veres said market competition,
trading channels and the impact of free trade in the EU (which helps even out
price differences) may help alleviate the inflationary effect of significant
food price hikes.
According to Veres, the Finance Ministry will not review Hungary's 7.0%
12-month inflation forecast until the release of September CPI figures (in
early October.Analysts are predicting approximately 7.5% inflation rate for
Hungary in 2007.
Related news
More related news >
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >The new consumer protection authority will strive to ensure market balance
The National Trade and Consumer Protection Authority (NKFH), which will…
Read more >