Inflation in Hungary
Hungary - Inflation
Inflation dips slightly in July
Consumer prices rose 0.2% over the previous month in July, contrasting a 0.2% month-on-month fall in June. A surge in the price of tobacco and recreational services drove the upturn, more than offsetting lower prices for consumer durables and motor fuels.
Inflation inched down to 3.3% in July from 3.4% in June, creeping closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Similarly, core inflation, in seasonally-adjusted terms, dipped to 3.7% from 3.8% in the previous month.
Lastly, annual average inflation remained at an over five-year high of 3.4% in July. .
FocusEconomics panelists see inflation averaging 3.4% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, the panel sees inflation averaging 3.1%.
Hungary - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.7 | -0.2 | -0.1 | 0.4 | 2.4 |
Hungary Inflation Chart
Source: Hungarian Central Statistical Office (KSH).
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.35 | 0.0 % | Jul 31 |
| Exchange Rate | 294.4 | -0.68 % | Jul 31 |
| Stock Market | 40,768 | 0.04 % | Jul 31 |
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Economic News
Hungary: Economy grows at slowest pace in a year in Q2
August 14, 2019
Economic growth decelerated to 4.9% year-on-year in the second quarter, from Q1’s 5.3% expansion, according to a preliminary estimate released by the Hungarian Central Statistical Office (KSH) on 14 August.
Hungary: Inflation dips slightly in July
August 8, 2019
Consumer prices rose 0.2% over the previous month in July, contrasting a 0.2% month-on-month fall in June.
Hungary: Industrial output growth slides in June
August 7, 2019
Industrial production rose a working-day-adjusted 4.1% year-on-year in June, which marked a deceleration from May’s 6.3% expansion.
Hungary: MNB remains put in July meeting as inflation recedes
July 23, 2019
On 23 July, the Monetary Council of the Hungarian National Bank (MNB) opted to keep the base rate at its current record low of 0.90% and held stable all other existing instruments.
Hungary: Economic sentiment deteriorates to 27-month low in July
July 21, 2019
The GKI economic sentiment index, a composite indicator, tumbled for the second consecutive month to 0.6 points in July from 2.4 points in June.
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