Analysts: the weakening of forint has appeared in the August inflation data

By: Trademagazin editor Date: 2020. 09. 09. 11:50

The rise in inflation and core inflation in August will see an increase in excise duties on tobacco and fuels, high food prices and a weaker forint – analysts who told MTI said they expect the central bank’s monetary reaction, but believe that raising the base rate will not comes into play.

According to a report released by the Central Statistical Office (KSH) on Wednesday, consumer prices were on average 3.9 percent higher in August than a year before, with annual core inflation rising from 4.5 percent in July to 4.7 percent. (MTI)