Analysis-Runaway prices have central Europe on the ropes

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While inflation in western Europe is largely expected to be tamed within a year, there is a growing sense that in central Europe runaway prices will be around for much longer. Central and eastern Europe have for months been at the forefront of the inflation battle, ahead of the curve both in terms of the acceleration of price pressures and the sometimes uneven efforts of its central banks to curb them. Hungarian bread and cheese prices rose by around 70% year-on-year in September while sugar prices in Poland have jumped 50% with some shops running low in the summer on hoarding in anticipation of more price rises.

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