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Key events in EMEA next week - ING Economics - (09/05-13/05)

Key events in EMEA next week - ING Economics - (09/05-13/05)| FXMAG.COM
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CPI readings across emerging markets will show fresh increases in prices due to ongoing supply-side shocks

key events in emea next week ing economics 09 05 13 05 grafika numer 1key events in emea next week ing economics 09 05 13 05 grafika numer 1

Despite anti-inflationary measures in place in Hungary, we expect a further acceleration in headline inflation

Hungary: Further acceleration in price pressures expected

The highlight of the week in Hungary is the release of the April inflation print, although we don’t think we will have too much to cheer about. Despite the anti-inflationary measures in place, we expect a further acceleration in headline inflation as supply-side shocks and the impact of a weaker forint spill over. Food, durables and services will be the main drivers of the pick up in price pressure. Core inflation is expected to show an even stronger acceleration (here the anti-inflationary measures are having a more muted impact), moving close to the double-digit territory already in April. Based on seasonal patterns, the budget balance could show some improvement in April, but we won’t rule out another downside surprise as the expenditure side remains under pressure.

EMEA Economic Calendar

key events in emea next week ing economics 09 05 13 05 grafika numer 2key events in emea next week ing economics 09 05 13 05 grafika numer 2

Source: Refinitiv, ING, *GMT
 
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more


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