MNB: inflation increases gradually

Inflation will fluctuate around 2 to 2.5 percent in the coming months, but price increases will gradually rise – Várhegyi Judit, head of department at the Hungarian National Bank (MNB) told M1 news channel on Wednesday.

The MNB expert commented that a 3 percent inflation target will be available in mid-2019.

Contrasting processes are shaping the prices – Várhegyi Judit pointed out. On the one hand, salaries are rising and retail turnover is increasing, while the rate of inflation is low and inflation expectations are low – she added.