Hungary Inflation May 2019

Hungary

Hungary: Inflation stable in May

June 7, 2019

Consumer prices increased 0.7% month-on-month in May, down from 0.9% in April. A slower rise in fuel costs helped to offset a jump in food prices. Core consumer prices, meanwhile, only rose 0.4% month-on-month (April: +0.3% month-on-month).

Inflation was stable from April at 3.9%, remaining just within the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Core inflation, on the other hand, rose to 4.0% from 3.8%.

Lastly, annual average inflation inched up to an over five-year high of 3.4% from 3.3% in April.

FocusEconomics panelists see inflation averaging 3.2% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 3.0%.


Author:, Economist

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Hungary Inflation Chart


Hungary Inflation May 2019

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


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