Hungary Inflation September 2020

Hungary

Hungary: Inflation recedes in September

October 8, 2020

Consumer prices declined 0.40% from the previous month in September, following August's flat reading. September's figure was the lowest print since April and largely reflected lower prices for food and services.

Inflation fell to 3.4% in September, from August’s 3.9%. August's reading marked the lowest inflation rate in three months. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.5%, from August’s 3.4%. Lastly, core inflation dropped to 4.0% from the previous month's 4.7%, which had marked the highest reading in over seven years.

FocusEconomics panelists see inflation averaging 3.0% in 2020, which is up 0.1 percentage points from last month’s projection. For 2021, the panel sees inflation averaging 2.9%.


Author: Massimo Bassetti, Senior Economist

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Hungary Inflation Chart


Hungary Inflation September 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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