Hungary: Inflation picks up in April from the prior month
Latest reading: Consumer prices rose 2.1% on a year-on-year basis in April, following a 1.8% increase in the prior month and coming in within the Central Bank’s 2.0–4.0% target.
Relative to the prior month’s figures, there were higher price pressures for food and non-alcoholic beverages (-0.9% on a year-on-year basis vs -3.2% in March) and transport (+1.9% vs +0.5% in March). In contrast, there were milder price pressures for clothing and footwear (-0.6% vs +0.7% in March) and housing and energy (+1.7% vs +3.8% in March).
Meanwhile, core consumer prices increased 2.2% in annual terms in April, following a 1.9% rise in the previous month.
Finally, consumer prices increased 0.40% in April on a month-on-month basis, following a 0.36% rise in the previous month.