Hungary Inflation March 2019

Hungary

Hungary: Inflation soars in March

April 9, 2019

Consumer prices increased 0.7% over the previous month in March, up from February’s 0.6% increase. March’s rise was mainly driven by higher prices for food, and alcoholic beverages and tobacco. Core consumer prices, meanwhile, rose 0.4% (February: +0.5% month-on-month).

Inflation jumped to 3.7% from 3.1% in February, approaching the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Moreover, core inflation climbed to 3.9% from 3.5% in February.

Lastly, annual average inflation inched up to an over five-year high of 3.1% in March from February’s 3.0%.

FocusEconomics panelists see inflation averaging 3.0% in 2019, which is down 0.1 percentage points from last month’s projection. For 2020, the panel again sees inflation averaging 3.0%.


Author: Massimo Bassetti, Economist

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Hungary Inflation Chart


Hungary Inflation March 2019

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


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