Hungary: Consumer prices maintain downward trend in June
July 8, 2016
In June, consumer prices rose 0.2% over the previous month, which was slightly down from May’s 0.3% rise. The moderate increase mainly reflected a higher price for services as well as for clothing and footwear, which offset lower food prices.
In annual terms, consumer prices fell 0.2% in June, matching May’s result. Thus, inflation remained below the Central Bank’s target of 3.0%, with a tolerance margin of plus/minus 1.0%. Annual average inflation inched down from 0.3% in May to 0.2% in June. Core consumer prices, which exclude volatile items such as fresh food and fuel, remained unchanged over the previous month, in line with May’s reading. Meanwhile, core inflation fell from May’s 1.3% to 1.2% in June.