Hungary Inflation October 2019


Hungary: Inflation ticks up in October

November 8, 2019

Consumer prices rose 0.6% over the previous month in October, after increasing 0.1% month-on-month in September. The reading reflected higher prices for clothing and footwear, alcoholic beverages and tobacco, and food.

Inflation ticked up to 2.9% in October from 2.8% in September, which had marked the lowest reading since January, and crept closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, core inflation, in seasonally-adjusted terms, inched up to 4.0% in October from 3.9% in September.

Lastly, annual average inflation fell to 3.2% in October from 3.3% in September.

FocusEconomics panelists see inflation averaging 3.2% in 2020, which is unchanged from last month’s projection. For 2021, the panel sees inflation averaging 3.1%.

Author:, Economist

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Hungary Inflation Chart

Hungary Inflation October 2019

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

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