None
TL
Plunging inflation in Hungary: analysts surprised, but how long can the favourable trend last?
['John Woods']
DailyNewsHungary
In recent years, we had grown used to inflation figures bringing unpleasant news: rising prices, soaring food bills or ever more expensive fuel.
For the first time in a long while, however, Hungary’s inflation rate can be discussed in a positive context, having fallen to a ten-year low.
One reason is that Hungary’s inflation rate has fallen to a ten-year low – a development that also caught Hungarian experts by surprise.
According to portfolio.hu, Hungary has not seen inflation this low since 2016.
Photo: MTIThe economic news website attributed the sharp slowdown in inflation to three factors:favourable trends in food prices; calmer conditions in fuel markets; a strong forint.