MNB: the 3 percent inflation target could be realized at the beginning of 2019

The growth rate of consumer prices in Hungary is expected to reach the central government’s 3 percent long-term inflation target at the beginning of 2019, Várhegyi Judit, head of department of the National Bank of Hungary (MNB) told M1 news channel on Wednesday, responding to the inflation data published on Tuesday by the Central Statistical Office (KSH).

According to the communication of the Central Statistical Office (KSH), consumer prices were 2.1 percent higher on average in July than a year earlier, and compared to June, the average consumer prices remained unchanged.

According to Várhegyi Judit, the July inflation data showed a slight increase, compared to the previous month. (MTI)