Hungary Inflation April 2016


Hungary: Consumer prices record modest annual increase in April

May 10, 2016

In April, consumer prices rose 0.8% over the previous month, which was up from March’s 0.1% rise. The figure came on the back of higher prices for clothing and footwear.

Inflation stood at 0.2% in April, which contrasted March’s 0.2% annual price drop. Nevertheless, 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, rose 0.5% over the previous month, while they had been unchanged in March. Meanwhile, core inflation rose from March’s 1.2% to 1.5% in April.

FocusEconomics panelists see inflation averaging 0.5% in 2016, which is down 0.3 percentage points from last month’s projection. For 2017, the panel expects inflation to rise to 2.1%.

Author: Teresa Kersting, Economist

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Hungary Inflation Chart

Hungary Inflation April 2016

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

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