Inflation in Hungary
Hungary - Inflation
Inflation stable in January
Consumer prices rose 0.3% over the previous month in January, reverting December’s 0.3% drop. January’s increase was driven by higher prices for food, and alcoholic beverages and tobacco, which more than offset lower prices for clothing and footwear—which dropped due to the end-of-season sale.
Inflation was stable at December’s 2.7% in January, thus remaining within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, annual average inflation inched up to an over five-year high of 2.9% in January, from 2.8% in December.
Core consumer prices, which exclude volatile items such as fresh food and fuel, grew 0.4% from the previous month in January, up from December’s 0.2% uptick. Lastly, core inflation rose to a five-year high of 3.2% in January from December’s 2.8%.
FocusEconomics panelists see inflation averaging 2.7% in 2019, which is unchanged from last month’s projection. For 2020, the panel expects inflation to moderate to 2.6%.
Hungary - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.7||-0.2||-0.1||0.4||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Hungary Inflation Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||3.17||0.0 %||Mar 20|
|Exchange Rate||274.9||-0.68 %||Mar 20|
|Stock Market||41,964||0.04 %||Mar 20|
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March 1, 2019
According to a second estimate released by the Central Statistics Office (KSH) on 1 March, the Hungarian economy continued to grow buoyantly in the fourth quarter, boosted by sturdy consumer spending and surging fixed investment.
February 27, 2019
The GKI economic sentiment index, a composite indicator, dropped to 6.7 points in February from 7.1 points in January.
February 26, 2019
At its latest monetary policy meeting on 26 February, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90%, while also holding steady all other monetary policy instruments.
February 14, 2019
The Hungarian economy continued to fire on all cylinders in the fourth quarter.
February 13, 2019
According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 February, industrial output rose a working-day adjusted 5.7% year-on-year in December, the strongest reading in almost a year.