Hungary Inflation August 2019

Hungary

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.

FocusEconomics panelists see inflation averaging 3.4% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees inflation averaging 3.1%.


Author:, Economist

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Hungary Inflation August 2019 1

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


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