Hungarian government has to raise inflation expectations: what was to be avoided is now the best case scenario - DailyNewsHungary

Inflation peaked in February, consumer price growth will average between 4.5-5.1 percent in 2025, and will decrease again to the central bank's tolerance band at the beginning of 2026, András Balatoni, head of the economic forecast and analysis department of the Hungarian National Bank (MNB), said on Thursday at a press conference presenting the March Inflation Report.

Hungary's National Bank warns full-scale trade war could knock 0.5pp from 2025 growth

Hungary's central bank has sharply downgraded its economic forecasts, warning that inflation will remain elevated for longer than expected while growth prospects continue to dim amid weak investment and a fragile external environment.

Hungarian government has to raise inflation expectations: what was to be avoided is now the best case scenario - DailyNewsHungary

The National Bank of Hungary (NBH) raised its inflation forecast in a quarterly report published in full on Thursday. The central bank raised its forecast for average annual inflation in 2025 to 4.5pc-5.1pc from 3.3pc-4.1pc in the previous Inflation Report released in December. András Balatoni, an NBH director, said inflation had peaked in February and would fall back to the central bank’s 3.0pc +/-1pp tolerance band at the beginning of 2026. He…

Inflation peaked at 5.6 percent in February, and is expected to be lower in March. The high number was primarily caused by the price dynamics of food and services. The central bank expects economic growth in 2025 to be between 1.9 and 2.9 percent.