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.