The MNB has raised its inflation forecast for this year to 5.1 percent

MNB expects inflation to be above five percent this year

The previous September Inflation Report included inflation of 4.6-4.7 percent this year and an expectation of 6.5-7.0 percent of GDP.

The MNB still expects that the rise in consumer prices will start to decline from 2022, with inflation likely to be 4.7-5.1 percent next year and 2.5-3.5 percent in 2023 and 2024, according to the latest forecast. (MTI)