Hungary Inflation November 2019

Hungary

Hungary: Inflation rises to five-month high in November

December 10, 2019

Consumer prices increased 0.1% over the previous month in November, after rising 0.6% month-on-month in October. The reading reflected higher prices for food, clothing and footwear, and consumer durables.

Inflation edged up to 3.4% in November from 2.9% in October, marking the highest reading since June and moving closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, core inflation, in seasonally-adjusted terms, remained steady at 4.0% in November.

Lastly, annual average inflation came in at 3.2% in November, matching October’s reading.

FocusEconomics panelists see inflation averaging 3.1% in 2020, which is down 0.1 percentage points from last month’s projection. For 2021, the panel sees inflation averaging 3.1%.


Author:, Economist

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Hungary Inflation Chart


Hungary Inflation November 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Hungarian Central Statistics Office.


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