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%.