In April, consumer prices rose 0.6% over the previous month, which was nearly half the 1.1% price rise recorded in March. The price hike was mainly fuelled by higher prices for food (+1.2% month-on-month) as well as for clothing and footwear (+4.0% month-on-month). Despite the moderate monthly print, annual inflation accelerated from 4.5% in March to 4.7% in April, which was a notch above market expectations of a 4.6% price increase. Meanwhile, seasonally adjusted core inflation, which excludes volatile items such as food and fuel, followed suit and rose to 2.7% (March: 2.5%). In its latest inflation report from March, the Central Bank projects inflation to end the year at 3.9%, which is above the 3.0% inflation target.
Inflation accelerates in April
May 11, 2011
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Hungary Economic News
October 11, 2016
In September, consumer prices rose 0.2% from the previous month, contrasting August’s 0.4% decrease.
October 7, 2016
According to preliminary data released by the Statistical Institute (KSH) on 7 October, industrial output in August rose a working-day adjusted 3.5% from the same month last year, rebounding from July’s 0.1% decrease and marking a four-month high. On a monthly basis, industrial production increased a seasonally- and working-day adjusted 1.6% in August, which followed July’s 0.3% decrease.
September 26, 2016
The GKI economic sentiment indicator advanced slightly from August’s minus 3.9 points, which was the lowest reading in over two years, to the still-low level of minus 3.6 points in September.
Hungary: Central Bank leaves base rate at 0.90%, continues easing monetary conditions by capping main deposit facility
September 20, 2016
The Central Bank of Hungary (NBH) held all rates constant at its 20 September monetary policy meeting, but continued easing monetary policy conditions by using unconventional monetary policy instruments.
September 9, 2016
In August, consumer prices fell 0.4% over the previous month, coming in below July’s softer 0.2% decrease.