Inflation in Hungary

Hungary Harmonized Inflation (eop) | Economic News & Forecasts

Hungary - Harmonized Inflation (end of period)

Inflation stable at over five-year high in August

Consumer prices rose 0.1% over the previous month in August, down from July’s 0.3% month-on-month print. August’s increase was largely driven by higher prices for services, which more than offset lower prices for clothing and footwear due to the summer sale.

Inflation was stable in August at July’s over five-year high of 3.4%, remaining above the midpoint 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 August, meanwhile, was stable at July’s 2.5%.

Core consumer prices, which exclude volatile items such as fresh food and fuel, were unchanged in August from the previous month, down from July’s 0.4% increase. Lastly, core inflation edged down from 2.5% in July to 2.3% in August.

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 Yield3.720.0 %Sep 20
Exchange Rate274.7-0.68 %Sep 20
Stock Market36,1340.04 %Sep 20

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