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Gulyas Says Inflation Expected to Reach ~7% by Year-End

HUNGARY
  • Inflation in Hungary will be pushed into the single digits by the end of November, the head of the Prime Minister's Office said on Thursday as per MTI.
  • The comments mirror previous rhetoric from various government officials, who have said they expect single-digit readings by December at the very latest.
  • The Central Statistical Office will have compiled October's inflation data by Friday afternoon, which is expected to be around 10 percent, Gergely Gulyas told a government press conference. He added that inflation will fall further in December and is expected to be just over 7 percent by year-end.
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