Inflation in Hungary
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
|Inflation Rate (CPI, annual variation in %)||1.7||-0.2||-0.1||0.4||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Hungary Inflation Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||3.33||0.0 %||May 13|
|Exchange Rate||288.7||-0.68 %||May 13|
|Stock Market||11,538||0.04 %||May 13|
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May 15, 2019
The Hungarian economy continued to fire on all cylinders in the first quarter.
May 14, 2019
Industrial output increased a working-day-adjusted 8.0% year-on-year in March, outpacing a 6.0% increase in February and marking the strongest result since October 2017.
May 6, 2019
The GKI economic sentiment index, a composite indicator, plummeted to a 23-month low 2.9 points in April from 6.2 points in March.
April 30, 2019
On 30 April, the Monetary Council of the Hungarian National Bank (MNB) left the base rate at its current record low of 0.90%, and held steady all other existing instruments.
April 15, 2019
Industrial output increased a working-day-adjusted 5.9% year-on-year in February, outpacing a 5.0% increase in January.