Food prices increased by 13 percent as the price of bread jumped almost 28 percent and poultry prices rose by over 21 percent.Continue reading
Economic research institute Kopint-Tárki has lowered its forecast for this year’s economic growth to 4 percent from 5 percent.
In its latest forecast published on Thursday, Kopint-Tárki said domestic consumption would grow by 4.3 percent and gross capital accumulation by 4 percent.
Its inflation was forecast upped to 8.7 percent from its December projection of 5.5 percent, while it projected Hungary’s current-account deficit increasing to 5 percent of GDP.
Featured photo illustration by Szilárd Koszticsák/MTI