Analysts were surprised by the rise in consumer prices

Analysts interviewed by MTI called it surprising that the consumer price index in May became positive in Hungary. According to the K&H Bank and the Savings Bank (Takarékbank) the average annual inflation rate can be around 0.5 percent, while the Erste Bank expects 0.3 percent.

Suppan Gergely, analyst of the Savings Bank (Takarékbank) underlined that it was a big surprise that instead of the expected 0.3 percent increase, a 0.7 percent increase occured in consumer prices in May, which increased the annual inflation rate from the minus 0.3 percent of April to 0.5 percent. (MTI)