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
|Inflation Rate (CPI, annual variation in %)||-0.1||0.4||2.4||2.8||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Hungary Inflation Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||2.08||0.0 %||Dec 31|
|Exchange Rate||295.1||-0.68 %||Jan 01|
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July 8, 2020
Consumer prices increased 0.40% in June over the previous month, matching May’s result.
July 7, 2020
Industrial output declined 27.6% year-on-year in May (April: -36.6% yoy), according to a preliminary estimate.
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.
June 22, 2020
The GKI economic sentiment index, a composite indicator, rose to minus 20.5 in June from minus 28.1 in May.
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.