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.
Author: Christopher Thomas, Economist