Inflation increases in October
Inflation came in at 21.1% in October, which was up from September’s 20.1%. October’s figure represented the highest inflation rate since September 1996. The moderation was broad-based, with lower price pressures recorded for clothing and footwear, food and non-alcoholic beverages, and housing and energy. Moreover, prices for transport dropped.
The trend pointed up, with annual average inflation coming in at 11.9% in October (September: 10.7%). Meanwhile, core inflation rose to 22.3% in October, from the previous month’s 20.7%.
Lastly, consumer prices rose 2.01% over the previous month in October, coming in below the 4.10% increase seen in September.
Hungary Inflation (Core, ann. var. %, aop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (Core, ann. var. %, aop) | 1.9 | 2.0 | 3.1 | 3.7 | 3.9 |