Inflation in Hungary
Hungary - Inflation
Inflation at seven-month low in December
Consumer prices dropped 0.3% over the previous month in December, matching November’s reading. December’s decline was driven by lower prices for motor fuels.
Inflation dropped to 2.7% in December from 3.1% in November, 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 December, from 2.8% in November.
Core consumer prices, which exclude volatile items such as fresh food and fuel, grew 0.2% from the previous month in December, up from November’s 0.1% uptick. Lastly, core inflation rose to 2.8% in December from November’s 2.6%.
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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.7 | -0.2 | -0.1 | 0.4 | 2.3 |
Hungary Inflation Chart
Source: Hungarian Central Statistical Office (KSH).
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.87 | 0.0 % | Jan 16 |
| Exchange Rate | 282.1 | -0.68 % | Jan 16 |
| Stock Market | 40,933 | 0.04 % | Jan 16 |
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Economic News
Hungary: Inflation at seven-month low in December
January 15, 2019
Consumer prices dropped 0.3% over the previous month in December, matching November’s reading.
Hungary: Second estimate confirms slightly stronger industrial production growth in November
January 14, 2019
According to revised data released by the Hungarian Central Statistical Office (KSH) on 14 January, industrial output rose a working-day adjusted 3.5% year-on-year in November.
Hungary: First estimate signals growth in industrial production gains some steam in November
January 8, 2019
According to a first estimate released by the Hungarian Central Statistical Office (KSH) on 8 January, industrial output increased a working-day adjusted 3.5% year-on-year in November, up from October’s revised 3.2% rise (previously reported: +3.3% year-on-year). In month-on-month, seasonally and working-day adjusted terms, industrial production dropped 1.1%, contrasting a 2.0% expansion in October.
Hungary: Economic sentiment closes year on a high note
December 21, 2018
The GKI economic sentiment index, a composite indicator, rose to 8.6 points in December from 7.5 points in November.
Hungary: Central Bank stands pat in December
December 18, 2018
At its latest monetary policy meeting held on 18 December, 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.
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