Hungary: Inflation hits five-month high in November
December 10, 2015
In November, consumer prices recorded flat growth over the previous month, which followed October’s 0.2% increase. The print mainly reflected price increases for food as well as for clothing and footwear were offset by falling prices for services.
Inflation rose to a five-month high in November, increasing from October’s 0.1% to 0.5%. Inflation remains far 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, tallied flat growth over the previous month (October: +0.4% month-on-month). Meanwhile, core inflation inched down from 1.5% in October, which had marked the highest reading since August 2014, to 1.4% in November.