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
|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||2.35||0.0 %||Jul 31|
|Exchange Rate||294.4||-0.68 %||Jul 31|
|Stock Market||40,768||0.04 %||Jul 31|
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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.
August 8, 2019
Consumer prices rose 0.2% over the previous month in July, contrasting a 0.2% month-on-month fall 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.
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.
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.