Inflation in Hungary
Hungary - Inflation
Inflation drops to eight-month low in September
Consumer prices increased 0.1% over the previous month in September, contrasting the 0.1% month-on-month downturn in August. The reading reflected higher prices for alcoholic beverages and tobacco, services, and clothing and footwear.
Inflation dropped to 2.8% in September from 3.1% in August, marking the lowest reading since January and falling below the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, core inflation, in seasonally-adjusted terms, inched up to 3.9% in September from 3.7% in August.
Lastly, annual average inflation ticked down to 3.3% in September from 3.4% in August.
FocusEconomics panelists see inflation averaging 3.2% in 2020, which is up 0.1 percentage points from last month’s projection. For 2021, the panel sees inflation averaging 3.1%.
Hungary - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.7||-0.2||-0.1||0.4||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Hungary Inflation Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||2.03||0.0 %||Sep 04|
|Exchange Rate||298.6||-0.68 %||Sep 04|
|Stock Market||39,753||0.04 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 8, 2019
Consumer prices increased 0.1% over the previous month in September, contrasting the 0.1% month-on-month downturn in August.
October 7, 2019
Industrial production grew a working-day-adjusted 2.7% year-on-year in August, down from July’s 8.7% expansion and marking the lowest reading since October 2018, according to a first estimate released by the Hungarian Central Statistical Office.
September 27, 2019
The forint has been trending down sharply since mid-August and hit an all-time low of 336.0 per EUR for the second consecutive day on 24 September.
September 24, 2019
On 24 September, the Monetary Council of the Hungarian National Bank (MNB) kept the base rate at a record low of 0.90% and held stable all other existing instruments.
Hungary: Economic sentiment tumbles in September on a dive in business confidence, while consumer confidence rises to 17-year high
September 23, 2019
The GKI economic sentiment index, a composite indicator, tumbled to 0.3 points in September from 4.0 points in August.