Hungary: Inflation stable at over eight-year high in May
June 9, 2021
Consumer prices rose 0.50% from the previous month in May, following April's 0.80% jump. May's figure largely reflected soaring prices for motor fuels, food and clothing and footwear.
Inflation remained steady at 5.1% in May from April, when it marked the strongest rise since November 2012, and therefore remained above the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, the trend moved higher, with annual average inflation coming in at 3.5% from April’s 3.3%. Lastly, core inflation rose to 3.4% from the previous month's 3.1%.