Hungary: Inflation stabilizes in January
February 11, 2016
In January, consumer prices fell 0.1% over the previous month, which followed December’s 0.3% drop. The print mainly reflected a fall in prices for clothing and footwear. In contrast, prices for electricity, gas and other fuels were broadly unchanged.
Inflation in January held at December’s over-two-year-high of 0.9%. Inflation remains below the Central Bank’s target of 3.0%, with a tolerance margin of plus/minus 1.0%. Core consumer prices, which exclude volatile items such as fresh food and fuel, rose 0.3% over the previous month (December: +0.2% month-on-month). Meanwhile, core inflation inched up from December’s 1.4% to 1.5% in January.