Inflation in Hungary

Hungary Inflation | Economic News & Forecasts

Hungary - Inflation

Inflation soars in March

Consumer prices increased 0.7% over the previous month in March, up from February’s 0.6% increase. March’s rise was mainly driven by higher prices for food, and alcoholic beverages and tobacco. Core consumer prices, meanwhile, rose 0.4% (February: +0.5% month-on-month).

Inflation jumped to 3.7% from 3.1% in February, approaching the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Moreover, core inflation climbed to 3.9% from 3.5% in February.

Lastly, annual average inflation inched up to an over five-year high of 3.1% in March from February’s 3.0%.

Met the why particular panelists see inflation averaging 3.0% in 2019, which is down 0.1 percentage points from last month’s projection. For 2020, the panel again sees inflation averaging 3.0%.

Hungary - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.7  -0.2  -0.1  0.4  2.3  

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Hungary Inflation Chart

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

Hungary Facts

Bond Yield3.330.0 %May 13
Exchange Rate288.7-0.68 %May 13
Stock Market11,5380.04 %May 13

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