The NBH upped its 2007 CPI

The National Bank of Hungary is waiting 7.6% yearly inflation wich is 0.3% higer as the prognosis of Mai. The primarily warranted by rising oil and food prices.

Next year's forecast was raised to 4.5% from 3.6% and the
new 2009 inflation estimate is now 2.4%, down from 2.8%.
NBH staff cut their estimate for this year's GDP growth to
2.0% from 2.5% in the updated IR, but they scaled down the 2008 forecast only
by 0.1 percentage point to 2.7%. The estimate for 2009 was left unchanged at
3.4%.