London-based analysts of JP Morgan and Morgan Stanley on Sunday both predicted that annual Hungarian inflation is about to rise steeply. JP Morgan expects it to be at 0.9 per cent in December 2015, rising to 1.4 percent in January 2016. The rise can be explained mostly by base effects. Hungarian consumer prices fell 0.4 per cent in September 2015 then rose 0.1 per cent in October and 0.5 per cent in November, marking a clear trend. Morgan Stanley also predicts annual inflation to increase in the coming months but sees slower inflation dynamics starting from the second quarter of 2016. JP Morgan expects Hungarian inflation to be 2.1 per cent at the end of 2016. Morgan Stanley is predicting 1.7 per cent inflation in 2016.
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