Hungary Inflation June 2020


Hungary: Inflation rises in June

July 8, 2020

Consumer prices increased 0.40% in June over the previous month, matching May’s result. This month’s reading largely reflected higher prices for consumer durables and services, while food prices decreased.

Inflation rose to 2.9% in June, from May’s 2.2%. Meanwhile, annual average inflation ticked down to 3.3% in June (May: 3.4%). Core inflation was stable at the previous month’s 4.0%.

FocusEconomics panelists see inflation averaging 2.9% in 2020, which is down 0.1 percentage points from last month’s projection. For 2021, the panel sees inflation averaging 2.8%.

Author:, Economist

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Hungary Inflation Chart

Hungary Inflation June 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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