London Analysts Project Hungary Inflation Below 0.5% By Year’s End

  • 4 Dec 2013 8:00 AM
London Analysts Project Hungary Inflation Below 0.5% By Year’s End
Annual inflation is projected to drop below 0.5% by the end of this year, London analysts said. The Global Sachs (GS) global financial service group said in its inflation forecast for Central and Eastern Europe that 12-month inflation in Hungary is expected to be 0.4% at the end of the year, primarily as a result of public utility fee cuts.

The London analysts of GS said the current market consensus in London showing 1.8% annual inflation at the end of 2013 failed to take into consideration the effects of the public utility fee cuts.

Source www.hungarymatters.hu

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