Hungary: Inflation hits three-month high in October
November 10, 2015
In October, consumer prices rose 0.2% over the previous month, which contrasted September’s 0.6% fall. The print mainly reflected higher prices for food as well as for clothing and footwear.
Inflation rose to a three-month high in October, tallying 0.1%. The result contrasted the 0.4% fall in annual consumer prices in September. 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, rose 0.4% over the previous month (September: -0.2% month-on-month). Meanwhile, core inflation accelerated from 1.3% in September to 1.5% in October, which marked the highest reading since August 2014.