Inflation in Hungary

Hungary Harmonized Inflation (eop) | Economic News & Forecasts

Hungary - Harmonized Inflation (end of period)

Inflation hits over one-year high in May

Consumer prices rose 0.6% month-on-month in May, coming in slightly below the 0.7% jump observed in April. May’s print was largely driven by higher prices for food—especially of seasonal food items—and clothing and footwear.

Inflation accelerated from 2.3% in April to an over one-year high of 2.8% in May, approaching the middle of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. February was the only month since June 2017 in which inflation fell outside the target band. Annual average inflation in May ticked up from 2.2% in April to 2.3%.

Core consumer prices, which exclude volatile items such as fresh food and fuel, increased 0.2% month-on-month in May, down significantly from April’s strong 0.6% increase. Lastly, core inflation inched down from April’s 2.5% to 2.4% in May.

Hungary Inflation Forecast

Met the why particular panelists see inflation averaging 2.4% in 2018, which is down 0.1 percentage points from last month’s projection. For 2019, the panel expects inflation to rise to 2.7%.

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

Bond Yield3.560.0 %Jun 19
Bond Yield3.560.0 %Jun 19
Exchange Rate278.3-0.68 %Jun 19
Exchange Rate278.3-0.68 %Jun 19
Stock Market34,9720.04 %Jun 19
Stock Market34,9720.04 %Jun 19

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