Hungary Inflation April 2017

Hungary

Hungary: Inflation moderates in April

May 12, 2017

In April, consumer prices increased 0.4%, coming in above the flat reading observed in March. The result mainly reflected higher prices for clothing and footwear, services and food.

Inflation in April moderated for the second consecutive month from 2.7% in March to 2.2%. Despite the drop, inflation remains within the Central Bank’s target of 3.0% with a tolerance margin of plus/minus 1.0%. Annual average inflation edged up from 1.0% in March to 1.2% in April.

Core consumer prices, which exclude volatile items such as fresh food and fuel, edged up from 0.1% in March to 0.3% in April. Lastly, core inflation came in at 1.9% in April, matching the print observed in the previous month.

The Central Bank forecasts inflation of 2.6% in 2017 and of 3.0% in 2018. FocusEconomics panelists see inflation averaging 0.4% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects inflation to rise to 1.8%.


Author: Jean-Philippe Pourcelot, Economist

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Hungary Inflation Chart


Hungary Inflation April 2017

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


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