Hungary Inflation February 2018

Hungary

Hungary: Inflation dips below Central Bank's target band in February

March 8, 2018

Consumer prices rose 0.2% month-on-month in February, coming in below the 0.3% reading observed in January. February’s print reflected higher prices for food products, services, and alcoholic beverages and tobacco, which more than offset lower seasonal prices for clothing and footwear.

Inflation dropped from 2.1% in February to 1.9% in February. It now sits below the Central Bank’s target band range of 3.0% plus or minus 1.0 percentage point for the first time since June 2017. Annual average inflation inched down from 2.3% in January to 2.2% in February.

Core consumer prices, which exclude volatile items such as fresh food and fuel, rose from a flat reading in January to a 0.2% month-on-month increase in February. Lastly, core inflation edged down from January’s 2.5% to 2.4% in February.

FocusEconomics panelists see inflation averaging 2.4% in 2018, which is down 0.1 percentage points from last month’s projection. For 2019, the panel expects inflation to rise to 2.7%.


Author: Jean-Philippe Pourcelot, Economist

Sample Report

Looking for forecasts related to Inflation in Hungary? Download a sample report now.

Download

Hungary Inflation Chart


Hungary Inflation February 2018

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


Hungary Economic News

  • Hungary: Central Bank leaves the base rate unchanged in May

    May 22, 2018

    At its latest monthly monetary policy meeting held on 22 May, the Monetary Council of the Hungarian National Bank (MNB) decided to keep the base rate at its current record low of 0.90%, while also maintaining all other monetary policy instruments unchanged.

    Read more

  • Hungary: The economy continues to grow unabated in Q1

    May 15, 2018

    The Hungarian economy continued to expand robustly in the first quarter.

    Read more

  • Hungary: Industrial output slows in March on the back of soft manufacturing

    May 14, 2018

    According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 14 May, industrial output rose a working-day adjusted 1.9% year-on-year in March, coming in well below the 4.1% increase recorded in February. March’s softer output was driven by moderations in the manufacturing and mining sectors.

    Read more

  • Hungary: Inflation inches up in April

    May 9, 2018

    Consumer prices jumped 0.7% month-on-month in April, coming in well above the 0.1% increase observed in March.

    Read more

  • Hungary: Industrial output growth eases further in March

    May 9, 2018

    According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 8 May, industrial output rose a working-day adjusted 1.9% year-on-year in March, coming in well below the 4.1% increase observed in February. In month-on-month seasonally- and working-day adjusted terms, industrial production contracted 0.7%, contrasting the 0.6% increase in February. Lastly, annual average growth in industrial production moderated further from February’s 5.7% to 5.0% in March.

    Read more

More news

Search form