Hungary: Inflation slips to six-month low in August
September 10, 2019
Consumer prices fell 0.1% over the previous month in August, contrasting a 0.2% month-on-month upturn in July. The print reflected lower prices for food, motor fuels, and clothing and footwear which became cheaper owing to the summer sale.
Inflation slid to 3.1% in August from 3.3% in July, edging closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Similarly, core inflation, in seasonally-adjusted terms, remained at 3.7% in August.
Lastly, annual average inflation remained at an over five-year high of 3.4% in August.
Author: Nihad Ahmed, Economist