Hungary Inflation

Inflation picks up in April from the prior month

Latest reading: Consumer prices increased 2.1% on a year-on-year basis in April, following a 1.8% increase in the prior month. As such, inflation returned within the Central Bank’s 2.0–4.0% target range. Relative to the prior month's figures, there were higher price pressures for food and non-alcoholic beverages (-0.9% on a year-on-year basis vs -3.2% in March) and transport (+1.9% vs +0.5% in March). In contrast, there were milder price pressures for clothing and footwear (-0.6% vs +0.7% in March) and housing and energy (+1.7% vs +3.8% in March). Meanwhile, core consumer prices increased 2.2% in annual terms in April, following a 1.9% rise in the previous month. Finally, consumer prices increased 0.40% in April on a month-on-month basis, following a 0.36% rise in the previous month.

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