Hungary: Inflation stable at over 14-year high in December
Consumer prices increased 0.31% in December over the previous month, following the 0.67% rise recorded in November. The sharpest price increases were recorded for motor fuels, clothing and footwear and consumer durables.
Inflation was stable at November’s 7.4%, which had marked the highest inflation rate since August 2007. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.1% in December (November: 4.7%), the highest reading in over eight years. As a further sign of widespread inflation pressure, core inflation jumped to 6.4% in December from the previous month’s 5.3%, marking the highest print since January 20082.