Hungary Inflation April 2019

Hungary

Hungary: Inflation climbs in April

May 9, 2019

Consumer prices increased 0.9% over the previous month in April, up from March’s 0.7% increase. April’s rise was mainly attributable to higher fuel and seasonal-food costs. Core consumer prices, in turn, only rose 0.3% (March: +0.4% month-on-month).

Inflation climbed to 3.9% from 3.7% in March, approaching the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Core inflation, meanwhile, edged down to 3.8% from 3.9%.

Lastly, annual average inflation inched up to an over five-year high of 3.3% from 3.1% in March.

FocusEconomics panelists see inflation averaging 3.1% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 3.0%.


Author:, Economist

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Hungary Inflation Chart


Hungary Inflation April 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Hungarian Central Statistics Office.


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