However, according to some analysts, inflation continues to rise
Inflation in Hungary is projected to exceed 4% annually in May, marking a continued rise from April’s rate of 3.7%, according to a recent report by Portfolio.
This increase is primarily attributed to retrospective pricing in the services sector. While fuel and food prices had previously stabilized, analysts predict inflation rates could fluctuate between 4.0% and 4.5% in the coming months due to seasonal effects. However, ING Bank’s chief analyst, Péter Virovácz, suggests that recent trends in fuel prices and potential decreases in food prices could lead to slightly more favorable figures. Despite some short-term easing, the general trend indicates a significant uptick in inflation rates by October, potentially nearing 5%.
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