Hungary Inflation March 2021

Hungary

Hungary: Inflation jumps in March

April 9, 2021

Consumer prices jumped 0.70% from the previous month in March, matching February's increase. March's figure largely reflected higher prices for motor fuels, alcoholic beverages and tobacco and food.

Inflation soared to 3.7% in March from February’s 3.1%, marking the strongest rise in seven months. Meanwhile, the trend was unchanged, with annual average inflation coming in at February’s 3.1% in March. Lastly, core inflation inched down to 3.9% from the previous month's 4.1%.

FocusEconomics panelists see inflation averaging 3.0% in 2021, which is up 0.1 percentage points from last month’s projection. For 2022, the panel sees inflation averaging 2.9%.


Author: Massimo Bassetti, Senior Economist

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Hungary Inflation Chart


Hungary Inflation March 2021

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


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