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
|Inflation (PPI, annual variation in %)||-1.3||0.5||3.9||4.8||2.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.08||0.0 %||Dec 31|
|Exchange Rate||295.1||-0.68 %||Jan 01|
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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.
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.
September 8, 2021
Consumer prices rose 0.20% from the previous month in August, edging down from July’s 0.50% increase.
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.
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.