Hungary: Inflation resurfaces in September
October 11, 2016
In September, consumer prices rose 0.2% from the previous month, contrasting August’s 0.4% decrease. The increase reflected higher prices for several categories, including clothing and footwear, consumer durables, and alcoholic beverages and tobacco.
Inflation returned in September, coming in at 0.6%, after four months of falling prices and following August’s 0.1% annual drop in prices. While the result was in line with market expectations, inflation rested well below the Central Bank’s target of 3.0%, with a tolerance margin of plus/minus 1.0%. Annual average inflation inched up from August’s 0.1% to 0.2%. Core consumer prices, which exclude volatile items such as fresh food and fuel, fell 0.1% from the previous month, while they had been flat in August. Meanwhile, core inflation rose slightly from 1.3% to 1.4%.