Hungary: Inflation stabilizes in October from September
Latest reading: Consumer prices rose 4.3% in annual terms in October, stable from the previous month’s reading and remaining slightly above the Central Bank’s target range of 2.0–4.0%.
Relative to the previous month’s data, there were reduced price pressures for clothing and footwear (-0.7% vs +0.9% in September), food and non-alcoholic beverages (+1.7% vs +3.0% in September), housing and energy (+7.9% vs +8.0% in September) and transport (+1.6% vs +2.1% in September). In contrast, there were stronger price pressures for healthcare (+7.7% vs +6.3% in September) and recreation (+4.6% vs +4.5% in September).
Meanwhile, core consumer prices were up 4.2% on a year-on-year basis in October, following a 3.9% increase in the previous month.
Lastly, consumer prices were flat in October in month-on-month terms for the second consecutive month.