Hungary Inflation January 2016

Hungary

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.

The Central Bank projects inflation averaging 1.9% in 2016. FocusEconomics panelists see inflation averaging 1.9% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects inflation to rise to 2.7%.


Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Inflation in Hungary? Download a sample report now.

Download

Hungary Inflation Chart


Hungary Inflation January 2016

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


Hungary Economic News

More news

Search form