The October inflation was due to food prices

The October inflation was due to food prices – said Keszeg Ádám (Raiffeisen), but the monthly increase of the price index will not change the medium-term forecasts.

Based on their model, Raiffeisen would expect a reduction in inflation from January. Thus, on a year / year basis, the index would be 4 percent in the first month of next year – but even this calculation, does not account with the effects of a possible gas price increase – reports tozsdeforum.hu.