Hungary Inflation August 2021

Hungary

Hungary: Inflation rebounds in August

September 8, 2021

Consumer prices rose 0.20% from the previous month in August, edging down from July’s 0.50% increase. August’s rise was largely attributed to rising prices for services, food and motor fuels.

Inflation increased to 4.9% in August from 4.6% in July, moving further above the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, the trend moved higher, with annual average inflation coming in at 3.9% from July’s 3.8%. Lastly, core inflation came in at July’s 3.6% in August.

FocusEconomics panelists see inflation averaging 4.3% in 2021, which is up 0.2 percentage points from last month’s projection. For 2022, the panel sees inflation averaging 3.4%.


Author: Massimo Bassetti, Senior Economist

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Hungary Inflation Chart


Hungary Inflation August 2021

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


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