Hungary Inflation


Inflation falls in March

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


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