The really rough inflation is just coming, some analysts say

Inflation in Hungary may have jumped to 13% in July, according to Portfolio’s survey monitoring analysts’ expectations. In June, the KSH measured an annual rate of price increase of 11.7%, which means that a further significant acceleration in the rate of monetary deterioration is expected with the official data coming tomorrow. Expectations for the end of the year have faded even more as a result of the increase in utilities, the market expects the December price index to be 16.5% already. There is a strong division in terms of how much the rate of price increase may moderate next year, according to the more optimistic, inflation may be quite low by the end of the year, while others believe that it will get stuck badly.