Analysts expect inflation of around two percent
The targeted VAT cuts in certain goods and services (poultry meat, eggs, raw milk, internet, hospitality) reduce inflation, while the fuel prices, rising domestic demand and wage increases increase consumer price indices, so inflation is likely to remain around 2 percent in the remainder of the year – analysts told MTI.
According to the latest communication of the Central Statistical Office (KSH), consumer prices were 2.1 percent higher on average in July than in the previous year, compared to the same period of last June. (MTI)
Related news
Margin is very much not profit
The government announced that it would introduce a margin cap…
Read more >Despite global challenges, SMEs are still looking for breakthrough points in 2025
According to economic forecasts for 2025, businesses will face a…
Read more >Margin freeze versus VAT reduction: a solution to inflation or a field for political debate?
The government has been implementing a margin freeze since mid-March,…
Read more >Related news
You can apply for the Value and Quality Grand Prix Trademark until May 29th!
This year’s Value and Quality Award Competition was announced in…
Read more >Róbert Zsigó: Monday’s inspections already confirm that traders have started to reduce prices
The government is doing everything it can to ensure the…
Read more >Fringe benefits in 2025 – how popular are housing benefits and the SZÉP card?
In its February survey, GKI Economic Research Ltd. asked companies…
Read more >