Hungary: Inflation increases in June
July 8, 2022
Consumer prices increased 1.47% over the previous month in June, a smaller increase than May's 1.65% rise. June's result marked the weakest reading since March. Looking at the details of the release, prices for clothing and footwear and for food and non-alcoholic beverages increased at a slower pace. In contrast, prices for consumer durable goods rose at a stronger rate.
Inflation came in at 11.7% in June, up from May’s 10.7%. June's reading marked the highest inflation rate since October 1998. Annual average inflation rose to 7.8% in June (May: 7.2%). Finally, core inflation rose to 13.8% in June, from May’s 12.2%.