Hungary Inflation February 2016

Hungary

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%.

FocusEconomics panelists see inflation averaging 1.3% in 2016, which is down 0.2 percentage points from last month’s projection. For 2017, the panel expects inflation to rise to 2.5%.


Author: Angela Bouzanis, Senior Economist

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Hungary Inflation Chart


Hungary Inflation February 2016

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


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