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

By: Trademagazin editor Date: 2021. 12. 15. 11:29

The central bank has raised its inflation forecast for this year to 5.1 percent and lowered its GDP expectation to 6.3 – 6.5 percent, according to key figures in its latest Inflation Report.

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)