Hungary Inflation March 2016

Hungary

Hungary: Consumer prices drop in annual terms in March

April 8, 2016

In March, consumer prices rose 0.1% over the previous month, which contrasted February’s 0.1% decrease. The figure came on the back of higher prices for alcoholic beverages and tobacco and durable goods.

Consumer prices dropped 0.2% in annual terms in March, which contrasted February’s 0.3% inflation reading. Thus, inflation remains below the Central Bank’s target of 3.0%, with a tolerance margin of plus/minus 1.0%. Core consumer prices, which exclude volatile items such as fresh food and fuel, were unchanged over the previous month (February: +0.1% month-on-month). Meanwhile, core inflation edged down from February’s 1.4% to 1.2%.

FocusEconomics panelists see inflation averaging 0.9% in 2016, which is down 0.4 percentage points from last month’s projection. For 2017, the panel expects inflation to rise to 2.3%.


Author: Teresa Kersting, Economist

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Hungary Inflation Chart


Hungary Inflation March 2016

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Hungarian Central Statistics Office.


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