Hungary: Drop in consumer prices softens in April
May 8, 2015
In April, consumer prices rose 0.4% over the previous month, coming in below the 0.6% increase observed in March. The figure reflected higher prices for several categories of the price index, such as food as well as clothing and footwear.
In annual terms, consumer prices decreased 0.3% in April, which was a softer drop than the 0.6% decline observed in the previous month, and represented the smallest fall in eight months. 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 0.3% over the previous month, coming in above March’s 0.2% increase. Meanwhile, annual core inflation rose from March’s 1.0% to 1.2% in April.