According to analysts, inflation like we have never seen is coming

By: Trademagazin Date: 2022. 09. 07. 14:44

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.