In March, consumer prices increased 0.8% over the previous month, which mirrored the price rise recorded in February. The figure mainly reflected increases in alcoholic beverages and tobacco, food as well as in other goods including motor fuels and lubricants. Despite the monthly rise, annual headline inflation fell to 5.5%, down from the 5.9% reached in February, which was in line with market expectations. That said, annual inflation remains well above the Central Bank's 3.0% inflation target with a 1.0 percentage point tolerance margin. Meanwhile, the seasonally adjusted core inflation index, which excludes volatile items such as food and fuel, added 0.5% over the previous month, driving annual core down from 5.4% in February to 5.0% in March. In its latest inflation report from March, the Central Bank projects inflation to end the year at 5.1% before falling to 2.8% by the end of 2013
Inflation falls in March
April 11, 2012
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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.