Hungary: Inflation remains stable in August
Latest reading: Inflation came in at 4.3% in August, matching July’s figure and remaining above the ceiling of the Central Bank’s 2.0–4.0% target range. Stronger price pressures for food, housing and utilities, and transport broadly offset softer price rises for hospitality and recreation.
Annual average inflation was unchanged at July’s 4.3% in August. Meanwhile, core inflation fell to 3.9% in August from the previous month’s 4.0%.
Finally, consumer prices rose 0.02% in August over the previous month, a smaller increase than July’s 0.39% rise. August’s result marked the weakest reading since March.