Hungary Inflation February 2020

Hungary

Hungary: Inflation softens in February, but remains above Central Bank's target ceiling

March 10, 2020

Consumer prices rose 0.3% over the previous month in February, after increasing 0.9% month-on-month in January. The figure reflected higher prices for food, services, alcoholic beverages and tobacco.

Inflation dropped to 4.4% in February, from 4.7% in January, and thus moved closer to, yet still remained above, the upper ceiling of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, core inflation, in seasonally-adjusted terms, ticked up to 4.1% in February, from January’s 4.0%.

Annual average inflation came in at 3.6% in February, up slightly from January’s print of 3.5%.

FocusEconomics panelists see inflation averaging 3.4% in 2020, which is up 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 February 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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