Producer Prices in Hungary
Hungary - Producer Prices
Inflation rebounds in August
Consumer prices rose 0.20% from the previous month in August, edging down from July’s 0.50% increase. August’s rise was largely attributed to rising prices for services, food and motor fuels.
Inflation increased to 4.9% in August from 4.6% in July, moving further above the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, the trend moved higher, with annual average inflation coming in at 3.9% from July’s 3.8%. Lastly, core inflation came in at July’s 3.6% in August.
FocusEconomics panelists see inflation averaging 4.3% in 2021, which is up 0.2 percentage points from last month’s projection. For 2022, the panel sees inflation averaging 3.4%.
Hungary - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -1.3 | 0.5 | 3.9 | 4.8 | 2.4 |
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | 0.0 % | Dec 31 |
| Exchange Rate | 295.1 | -0.68 % | Jan 01 |
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Economic News
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Hungary: MNB delivers fourth consecutive rate hike in September
September 22, 2021
At its 21 September meeting, the Monetary Council of the Hungarian National Bank (MNB) decided to raise its base rate to 1.65% from 1.50%, marking the fourth consecutive increase.
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Hungary: Industrial production growth moderates again in July
September 8, 2021
Industrial output grew at a notably softer rate of 10.2% in annual terms in July, following June’s 18.2% jump, according to a preliminary estimate.
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Hungary: Inflation rebounds in August
September 8, 2021
Consumer prices rose 0.20% from the previous month in August, edging down from July’s 0.50% increase.
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Hungary: Economy grows at quickest pace on record in Q2 on low base effect
September 2, 2021
Economic growth bounced back in the second quarter, with GDP increasing 17.9% on an annual basis (Q1: -2.1% year-on-year). The upturn reflected improvements in private consumption, fixed investment and exports.
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Hungary: Economic sentiment improves in August amid higher business confidence
August 31, 2021
The GKI economic sentiment index, a composite indicator, edged up to minus 0.6 in August from minus 1.1 in July, the best result since November 20219.
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