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.