Hungary: Inflation drops to eight-month low in September
October 8, 2019
Consumer prices increased 0.1% over the previous month in September, contrasting the 0.1% month-on-month downturn in August. The reading reflected higher prices for alcoholic beverages and tobacco, services, and clothing and footwear.
Inflation dropped to 2.8% in September from 3.1% in August, marking the lowest reading since January and falling below the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, core inflation, in seasonally-adjusted terms, inched up to 3.9% in September from 3.7% in August.
Lastly, annual average inflation ticked down to 3.3% in September from 3.4% in August.
Author: Hanna Andersson, Economist