Hungary Inflation April 2018

Hungary

Hungary: Inflation inches up in April

May 9, 2018

Consumer prices jumped 0.7% month-on-month in April, coming in well above the 0.1% increase observed in March. March’s print was largely driven by higher prices for food, and clothing and footwear.

Inflation inched up from 2.0% in March to 2.1% in April, moving above the lower band of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. February was the only month since June 2017 in which inflation fell outside the target band. Annual average inflation in April remained unchanged at 2.2%.

Core consumer prices, which exclude volatile items such as fresh food and fuel, rose 0.6% month-on-month in April, up significantly from March’s subdued 0.1% increase. Lastly, core inflation inched up from March’s 2.4% to 2.5% in April.

Hungary Inflation Forecast


FocusEconomics panelists see inflation averaging 2.4% in 2018, which is down 0.1 percentage points from last month’s projection. For 2019, the panel expects inflation to rise to 2.7%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Inflation in Hungary? Download a sample report now.

Download

Hungary Inflation Chart


Hungary Inflation April 2018

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


Hungary Economic News

  • Hungary: Central Bank leaves the base rate unchanged in May

    May 22, 2018

    At its latest monthly monetary policy meeting held on 22 May, the Monetary Council of the Hungarian National Bank (MNB) decided to keep the base rate at its current record low of 0.90%, while also maintaining all other monetary policy instruments unchanged.

    Read more

  • Hungary: The economy continues to grow unabated in Q1

    May 15, 2018

    The Hungarian economy continued to expand robustly in the first quarter.

    Read more

  • Hungary: Industrial output slows in March on the back of soft manufacturing

    May 14, 2018

    According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 14 May, industrial output rose a working-day adjusted 1.9% year-on-year in March, coming in well below the 4.1% increase recorded in February. March’s softer output was driven by moderations in the manufacturing and mining sectors.

    Read more

  • Hungary: Industrial output growth eases further in March

    May 9, 2018

    According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 8 May, industrial output rose a working-day adjusted 1.9% year-on-year in March, coming in well below the 4.1% increase observed in February. In month-on-month seasonally- and working-day adjusted terms, industrial production contracted 0.7%, contrasting the 0.6% increase in February. Lastly, annual average growth in industrial production moderated further from February’s 5.7% to 5.0% in March.

    Read more

More news

Search form