Hungary: Inflation records flat reading in August
September 8, 2015
In August, consumer prices fell 0.6% over the previous month, which was down from July’s flat reading. The print mainly reflected lower prices for electricity, gas and other fuels, as well as for clothing and footwear.
Inflation registered a flat reading in August, which was down from July’s 0.4%. As a result, inflation dropped further below the Central Bank’s target of 3.0%, with a tolerance margin of plus/minus 1.0%. Core consumer prices, which exclude volatile items such as fresh food and fuel, were unchanged over the previous month, coming in below July’s mild 0.2% increase. Meanwhile, annual core inflation inched down from July’s 1.3% to 1.2% in August.