Hungary: Inflation moderates in May
June 19, 2017
In May, consumer prices increased 0.2%, coming in below the 0.4% increase observed in April. The result mainly reflected higher prices for clothing and footwear, services and food.
Inflation in May moderated for the third consecutive month from 2.2% in April to 2.1%. Inflation now remains slightly above the Central Bank’s target of 3.0% with a tolerance margin of plus/minus 1.0%. Despite the drop, annual average inflation edged up from 1.2% in April to 1.3% in May.
Core consumer prices, which exclude volatile items such as fresh food and fuel, edged up from 0.2% in April to 0.5% in May. Lastly, core inflation came in at 1.9% in April, matching the print observed in the previous month.