Inflation in Hungary

Hungary Harmonized Inflation (eop) | Economic News & Forecasts

Hungary - Harmonized Inflation (end of period)

Inflation hits close to six-year high in October

Consumer prices rose 0.5% over the previous month in October, up from September’s 0.3% month-on-month increase. October’s increase was largely driven by higher prices for food; alcoholic beverages and tobacco; and clothing and footwear, owing to seasonal factors.

Inflation increased to a nearly six-year high of 3.8% in October from 3.6% in September, thus moving further above the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Inflation has now remained within the target band since June 2017, except for February 2018 when it slipped slightly below the target. Annual average inflation rose to an over five-year high of 2.8% in October from September’s 2.6%.

Core consumer prices, which exclude volatile items such as fresh food and fuel, grew 0.5% from the previous month in October, up from September’s 0.2% increase. Lastly, core inflation edged up from 2.4% in September to 2.6% in October.


Hungary Inflation Forecast


Met the why particular panelists see inflation averaging 2.7% in 2019, which is unchanged from last month’s projection. For 2020, the panel expects inflation to moderate to 2.6%.

Hungary - Harmonized Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %, eop)0.6  -0.9  1.0  1.8  2.2  

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Hungary Harmonized Inflation (eop) Chart


Hungary Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Hungarian Central Statistical Office (KSH).

Hungary Facts

ValueChangeDate
Bond Yield3.290.0 %Nov 29
Exchange Rate284.0-0.68 %Nov 29
Stock Market39,8620.04 %Nov 29

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