Hungary Inflation October 2020


Hungary: Inflation recedes in October

November 10, 2020

Consumer prices increased 0.20% from the previous month in October, contrasting September's 0.40% drop. October's figure was the lowest print since April and largely reflected higher prices for clothing and footwear and alcoholic beverages and tobacco.

Inflation fell to 3.0% in October, from September’s 3.4%. October's reading marked the lowest inflation rate in four months. Meanwhile, the trend remained stable, with annual average inflation coming in at September’s 3.5% in October. Lastly, core inflation dropped to 3.8% from the previous month's 4.0%.

FocusEconomics panelists see inflation averaging 3.0% in 2021, which is up 0.1 percentage points from last month’s projection. For 2022, the panel sees inflation averaging 2.9%.

Author: Massimo Bassetti, Senior Economist

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Hungary Inflation Chart

Hungary Inflation October 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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