Inflation accelerated as expected

Inflation accelerated in February in Hungary by 2.9 percent, in line with the analysts’ expectations. In the coming months, inflation may exceed 3 percent, but the macroeconomic analysts interviewed by MTI on Wednesday expect a slower pace in inflation from the second half of the year.

The Central Statistical Office (KSH) reported that consumer prices were on average 2.9 percent higher than a year before and grew by 0.4 percent in a month, after the 2.3 percent inflation of January and the 1.8 percent inflation of December. (MTI)