Inflation in Hungary
Hungary - Inflation
Inflation rises in June
Consumer prices increased 0.40% in June over the previous month, matching May’s result. This month’s reading largely reflected higher prices for consumer durables and services, while food prices decreased.
Inflation rose to 2.9% in June, from May’s 2.2%. Meanwhile, annual average inflation ticked down to 3.3% in June (May: 3.4%). Core inflation was stable at the previous month’s 4.0%.
FocusEconomics panelists see inflation averaging 2.9% in 2020, which is down 0.1 percentage points from last month’s projection. For 2021, the panel sees inflation averaging 2.8%.
Hungary - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | -0.1 | 0.4 | 2.4 | 2.8 | 3.4 |
Hungary Inflation Chart
Source: Hungarian Central Statistical Office (KSH).
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | 0.0 % | Dec 31 |
| Exchange Rate | 295.1 | -0.68 % | Jan 01 |
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Economic News
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Hungary: Inflation rises in June
July 8, 2020
Consumer prices increased 0.40% in June over the previous month, matching May’s result.
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Hungary: Industrial output decreases in May
July 7, 2020
Industrial output declined 27.6% year-on-year in May (April: -36.6% yoy), according to a preliminary estimate.
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Hungary: MNB cuts base rate to new record low in June
June 23, 2020
On 23 June, the Monetary Council of the Hungarian National Bank (MNB) cut the base rate by 15 basis points to 0.75%, marking its first cut since May 2016 and a new historic low.
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Hungary: Economic sentiment continues to improve in June
June 22, 2020
The GKI economic sentiment index, a composite indicator, rose to minus 20.5 in June from minus 28.1 in May.
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Hungary: Second estimate confirms industrial output hit record low in April
June 12, 2020
According to a second estimate by the Statistical Institute, industrial output declined 36.6% compared to the same month a year earlier in April, which was a larger contraction than March's 10.0% decrease and matched the first estimate.
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