Hungary: Inflation eases in February
March 8, 2016
In February, consumer prices fell 0.1% over the previous month, which mirrored January’s result. The figure came on the back of falling prices for motor fuels as well as clothing and footwear, while food prices increased compared to last month.
Inflation eased from January’s 0.9% to 0.3% in February. Inflation remains below the Central Bank’s target of 3.0%, with a tolerance margin of plus/minus 1.0%. Core consumer prices, which exclude volatile items such as fresh food and fuel, rose 0.1% over the previous month (December: +0.3% month-on-month). Meanwhile, core inflation inched down from January’s 1.5% to 1.4%.