According to analysts, inflation like we have never seen is coming
Inflation is expected to continue to rise in August, and by the end of the year the rate of price increase may reach 20 percent, which has not been seen since 1996, according to the analysts interviewed by Portfolio. According to the majority of experts, it still depends on the maintenance of price caps, when inflation will peak, but the real question is rather how much the rate will rise above 20 percent.

It’s a shocking rate of inflation
From the 13.7% in July, a further significant increase in inflation could come in August. A few weeks ago, the vice president of the MNB already revealed that, according to the central bank’s calculations, the rate of price increase could have been 15-16%. This would mean that the trend of recent months has continued, which shows strong inflationary pressure. And core inflation is rising even more steeply, which shows the strong underlying processes.
Related news
Hungarian buyers are still more restrained
In June, retail sales volume increased by 3 percent year-on-year.…
Read more >Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >Prices are soaring on the poultry market: chicken, turkey and eggs have also become more expensive
In recent months, a significant price increase has taken place…
Read more >Related news
Dole offloads fresh-veg arm to Arable Capital
Dublin-headquartered Dole has sold its fresh vegetables division in the…
Read more >Wolt Announces New Partnerships To Drive ESG Initiatives
Finnish food delivery firm Wolt has announced two new strategic…
Read more >Colruyt to install smart cameras at all checkouts
Belgian supermarket chain Colruyt is rolling out its “easy check-out”…
Read more >