Analysts: inflationary pressures are still present in the economy

By: Trademagazin editor Date: 2021. 08. 11. 11:46

Growth in domestic consumer prices slowed in July, but inflationary pressures remain in the economy, according to analysts interviewed by MTI.

The Central Statistical Office (KSH) announced on Tuesday that in July consumer prices were on average 4.6 percent higher than a year before, rising by an average of 0.5 percent in one month.

Virovácz Péter, a senior analyst at ING Bank, said that the slowdown in inflation in July was mainly due to base effects, the KSH continued to measure significant general price increases on a monthly basis; According to the expert, significant inflationary pressures can still be felt in the Hungarian economy. (MTI)