Significant Reduction of Inflation in Hungary Predicted by Central Bank
- 28 Dec 2022 9:55 AM
Inflation will be markedly reduced from the second half of next year by both external and internal factors, and a "rapid rebound" of the slowing economic growth is also expected from July, said András Balatoni, director of the Economic Forecasting and Analysis Directorate of the Hungarian National Bank (MNB), in the central bank's December Inflation Report. presentation at an online press conference on Thursday.
On Tuesday, the MNB published the main numbers of its last forecast for this year, according to which inflation could be in the 15.0-19.5 percent range in 2023, following the expected 14.5-14.7 percent this year.
András Balatoni mentioned it among the external factors that reduce inflation:
* the drop in energy and raw material prices on the world market,
* the restoration of production chains, respectively
* the drop in the world market price of food and transport costs.
Among the internal ones, he listed the slowdown of economic growth, the reduction of disposable incomes and consumption, and the fading of the effect of tax measures.
Source: origo.hu / MTI
LATEST NEWS IN finance