In May, consumer prices added 0.2% over the previous month, which was well below the 0.6% price increase tallied in April. The relatively moderate monthly price hike came in as a result of slower price increases for food products (+0.4% month-on-month) as well as for clothing and footwear (+1.0% mom) compared to the previous month. Owing to the subdued monthly print, annual inflation dropped from 4.7% in April to 3.9% in May, which was well below market expectations of a 4.3% price rise. Meanwhile, seasonally adjusted core inflation, which excludes volatile items such as food and fuel, remained unchanged at April's 2.7%.
Inflation moderates to slowest pace in eight months
June 15, 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.