Hungary Inflation May 2020

Hungary

Hungary: Inflation recedes in May

June 9, 2020

Consumer prices increased 0.4% from the last month in May, swinging from the 0.6% drop logged in April. May's reading was due to higher food prices, and, overall, marked the sharpest increase in prices since January.

Inflation came in at 2.2% in May, down from April’s 2.4%. May's reading was the lowest inflation rate since March 2018. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 3.4% in May (April: 3.5%). Core inflation fell to 4.0% from April’s 4.3%.

FocusEconomics panelists see inflation averaging 3.0% in 2020, which is unchanged from last month’s projection. For 2021, the panel sees inflation averaging 2.9%.


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Hungary Inflation May 20 20

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


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