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.