Busy buyers on a shopping street in downtown Budapest, Hungary. File/Reuters
The National Bank of Hungary’s (NBH) closely watched gauge of lasting price developments, tax-adjusted core inflation, will peak at 3.8% in the fourth quarter and decline from the end of 2019, the bank said in its quarterly inflation report.
Hungary’s annual average inflation will be close to the government’s 2.8per cent projection this year, Finance Minister Mihaly Varga said on Monday in an interview.
The National Bank of Hungary (NBH) sees tax-adjusted core inflation, its preferred measure of lasting price trends, at 3.4% this year and next, below its June forecasts, the NBH said in its quarterly inflation report published on Thursday.
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