Hungary Inflation June 2019

Hungary

Hungary: Inflation eases in June

July 9, 2019

Consumer prices declined 0.2% month-on-month in June, contrasting the 0.7% rise in May. Lower prices for food and fuel drove the downturn. Core consumer prices, meanwhile, rose 0.2% month-on-month (May: 0.4% month-on-month).

Inflation fell to 3.4% in June from 3.9% in May, moving closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Similarly, core inflation dipped to 3.8% from 4.0%.

Lastly, annual average inflation remained at over five-year high of 3.4% in June.

FocusEconomics panelists see inflation averaging 3.3% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 3.1%.


Author:, Economist

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Hungary Inflation Chart


Hungary Inflation June 2019

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


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