Hungary: Inflation moderates in March
April 11, 2017
In March, Hungarian consumer prices remained unchanged from the previous month, down from February’s 0.4% month-on-month increase. The result mainly reflected higher prices for clothing and footwear offsetting lower prices for motor fuels and alcoholic beverages and tobacco.
Inflation decreased from 2.9% in February to 2.7% in March. This leaves inflation within the Central Bank’s target of 3.0% with a tolerance margin of plus/minus 1.0%. Annual average inflation edged up from 0.7% in February to 1.0% in March.
Core consumer prices, which exclude volatile items such as fresh food and fuel, edged down from 0.3% in February to 0.1% in March. Lastly, core inflation came in at 1.9% in March, slightly above February’s 1.8% print.