Producer Prices in Hungary
Hungary - Producer Prices
Inflation climbs in April
Consumer prices increased 0.9% over the previous month in April, up from March’s 0.7% increase. April’s rise was mainly attributable to higher fuel and seasonal-food costs. Core consumer prices, in turn, only rose 0.3% (March: +0.4% month-on-month).
Inflation climbed to 3.9% from 3.7% in March, approaching the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Core inflation, meanwhile, edged down to 3.8% from 3.9%.
Lastly, annual average inflation inched up to an over five-year high of 3.3% from 3.1% in March.
Met the why particular panelists see inflation averaging 3.1% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 3.0%.
Hungary - Producer Prices Data
|Inflation (PPI, annual variation in %)||0.5||0.1||-1.3||0.5||3.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.82||0.0 %||Jun 14|
|Exchange Rate||287.6||-0.68 %||Jun 14|
|Stock Market||11,588||0.04 %||Jun 14|
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May 31, 2019
First-quarter growth clocked in at the fastest pace in nearly two decades, according to Hungary’s Statistical Office on 31 May.
May 29, 2019
On 28 May, 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.
May 27, 2019
The GKI economic sentiment index, a composite indicator, rose for the first time in five months in May, edging up to 4.3 points from 2.9 points in April.
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.