Hungary: Drop in consumer prices softens in March
April 8, 2015
In March, consumer prices rose 0.6% over the previous month, coming in marginally above the 0.5% increase observed in February. The figure represented the largest increase since January 2013 and 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 0.6% in March, which came in above the 1.0% drop observed in the previous month, and represented the smallest decline in five months. As a consequence, 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 0.2% over the previous month, matching February’s result. Meanwhile, annual core inflation remained at February’s 1.0%.