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%.
Author: Hanna Andersson, Economist