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
| 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 | 2.03 | 0.0 % | Sep 04 |
| Exchange Rate | 298.6 | -0.68 % | Sep 04 |
| Stock Market | 39,753 | 0.04 % | Sep 04 |
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Economic News
Hungary: Inflation drops to eight-month low in September
October 8, 2019
Consumer prices increased 0.1% over the previous month in September, contrasting the 0.1% month-on-month downturn in August.
Hungary: Industrial production growth moderates to a 10-month low 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.
Hungary: Forint hits fresh all-time low in September
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.
Hungary: MNB keeps rates steady in September meeting
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.
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