Hungary Inflation September 2019

Hungary

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.

FocusEconomics panelists see inflation averaging 3.2% in 2020, which is up 0.1 percentage points from last month’s projection. For 2021, the panel sees inflation averaging 3.1%.


Author:, Economist

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Hungary Inflation Chart


Hungary Inflation September 2019

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


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