Hungary: Inflation inches up in June
July 8, 2015
In June, consumer prices rose 0.2% over the previous month, coming in below the 0.7% increase observed in May and marking the smallest increase in five months. The figure reflected that higher prices for alcoholic beverages and tobacco more than offset lower prices for clothing and footwear.
Headline inflation inched up from May’s 0.5% to 0.6% in June, marking the highest reading since November 2013. Nevertheless, 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, coming in slightly below May’s 0.2% increase. Meanwhile, annual core inflation inched down from May’s 1.5% to 1.4% in June.