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Hungary Inflation Holds Steady at 7-Month Low
Consumer prices in Hungary increased 2.7 percent from a year earlier in December 2020, the same as in the previous month, which was the smallest rise since May. Inflation was steady for housing & utilities (at 0.9 percent) and recreation & culture (at 2.1 percent). Meantime, cost of food rose 4.4 percent, the least since January 2019 and compared to November’s 6 percent. Also, prices continued to fall for both transport (-1.8 percent vs -3.1 percent) and communication (-2.6 percent vs -1.8 percent). On a monthly basis. Consumer prices went up 0.3 percent, rebounding from a 0.2 percent fall in November.
Published on 2021-01-14

Hungary Inflation Rate Slows to 6-Month Low of 2.7%
The annual inflation rate in Hungary decreased to 2.7 percent in November of 2020 from 3 percent in the previous month and below market expectations of 2.9 percent. It was the lowest inflation since May, as cost slowed for food & non-alcoholic beverages (6 percent vs 6.4 percent in October); housing & utilities (0.9 percent vs 1 percent); restaurant & hotels (5.1 percent vs 5.3 percent) and education (3.6 percent vs 3.7 percent). Meantime, prices fell further for transport (-3.1 percent vs -0.3 percent) and communication (-1.8 percent vs -3.2 percent). On a monthly basis, consumer prices went down 0.2 percent, after rising 0.2 percent in October.
Published on 2020-12-08

Hungary Inflation Rate Slows to 3%
The inflation rate in Hungary eased to 3 percent in October of 2020 from 3.4 percent in September and below market expectations of 3.1 percent. It is the lowest reading in four months, amid a slowdown in cost of food, alcoholic beverages and tobacco and a fall in motor fuels. On a monthly basis, consumer prices edged up 0.2 percent.
Published on 2020-11-10

Hungary Inflation Rate Below Forecasts in September
Hungary's annual inflation rate fell to 3.4 percent in September 2020 from 3.9 percent in the previous month, and below market expectations of 3.9 percent. Prices rose at a slower pace for food and non-alcoholic beverages (7.3 percent vs 7.9 percent in August), housing and utilities (1.1 percent vs 1.3 percent), alcoholic beverages, tobacco (6.9 percent vs 7.6 percent), and recreation and culture (1.3 percent vs 2.5 percent). Meanwhile, transport prices rebounded slightly (0.1 percent vs -0.6 percent), while miscellaneous goods and services inflation was flat (at 3.1 percent). The core inflation rate, which excludes volatile items, slowed sharply to 4.0 percent in September from 4.7 percent in August and below forecasts of 4.6 percent.
Published on 2020-10-08

Hungary Inflation Rate Highest in 5 Months
Annual inflation rate in Hungary edged up to 3.9 percent in August of 2020 from 3.8 percent in July, accelerating for the third straight month and reaching the highest since March. Faster price increases were seen for alcoholic beverages and tobacco (7.6 percent vs 6.8 percent in July), communication (2.9 percent vs 2.3 percent), recreation and culture (2.4 percent vs 2.5 percent), education (3.8 percent vs 3.4 percent) and miscellaneous goods and services (3.1 percent vs 3 percent). Meanwhile, inflation was steady for food (7.9 percent), housing and utilities (1.3 percent), clothing and footwear (1 percent), restaurants and hotels (6.6 percent) while transport prices fell slightly more (-0.6 percent vs -0.3 percent). Core inflation went up to 4.7 percent, the highest since December of 2012. On a monthly basis, consumer prices were flat.
Published on 2020-09-09

Hungary July Inflation Rate Rises to 4-Month High of 3.8%
Annual inflation rate in Hungary rose to 3.8 percent in July 2020 from 2.9 percent in the previous month and above market expectations of a 3.3 percent gain. It was the highest inflation rate in four months, driven by higher cost of health (3.9 percent vs 3.6 percent in June); recreation & culture (2.4 percent vs 0.8 percent); education (3.4 percent vs 2.9 percent); furnishings (2.3 percent vs 1.6 percent) and restaurants & hotels (6.6 percent vs 5.5 percent). Also, cost of clothing & footwear rebounded (1 percent vs -0.9 percent); while transport prices fell less (-0.3 percent vs -5.1 percent). Meanwhile, prices slowed for food and non-alcoholic beverages (7.9 percent vs 8 percent) and alcoholic beverages and tobacco (6.8 percent vs 7.2 percent). On a monthly basis, consumer prices went up 1.1 percent, following a 0.4 percent rise in the prior month.
Published on 2020-08-11

Hungary Inflation Rate Rises to 2.9%
Annual inflation rate in Hungary increased to 2.9 percent in June of 2020 from 2.2 percent in May, but slightly lower than market forecasts of 3 percent. It compares with 4.4 percent in February before the coronavirus crisis. Health cost increased faster (3.6 percent vs 3.3 percent in May) and transport prices fell at a much softer pace (-5.1 percent vs -10.4 percent). Biggest price increases were seen in cost of food and non-alcoholic beverages (8 percent vs 8.7 percent) and alcoholic beverages and tobacco (7.2 percent, the same as in May). On a monthly basis, consumer prices increased 0.5 percent, the same as in May.
Published on 2020-07-08

Hungary Inflation Rate Slows to Over 2-Year Low in May
Annual inflation rate in Hungary declined to 2.2 percent in May 2020 from 2.4 percent in the previous month and below market expectations of 2.4 percent. It was the lowest inflation rate since March 2018, amid a slowdown in cost of food & non-alcoholic beverages (8.7 percent vs 8.9 percent in April); housing & utilities (1.6 percent vs 1.8 percent); restaurants & hotels (5.5 percent vs 6.9 percent); health (3.3 percent vs 3.4 percent); and recreation & culture (2 percent vs 2.1 percent). Also, cost of clothing & footwear dropped 1 percent, after rising 0.3 percent. On the other hand, transport prices fell at a softer pace (-10.4 percent vs -10.5 percent). On a monthly basis, consumer prices rose 0.4 percent, following a 0.6 percent decline in the prior month.
Published on 2020-06-09

Hungary Inflation Rate Lowest in 2 Years
Annual inflation rate in Hungary fell to 2.4 percent in April of 2020 from 3.9 percent in March, matching market forecasts. It is the smallest inflation rate since April of 2018, mainly due to a 22.7 percent plunge in motor fuel prices due to falls in international oil markets. On the other hand, main upward pressure came from cost of food (8.7 percent), alcoholic beverages and tobacco (7.2 percent) and services (3 percent); namely games of chance (7.8 percent) and rents (5.6 percent). On a monthly basis, consumer prices were down 0.6 percent, the biggest monthly drop since September of 2015.
Published on 2020-05-08

Hungary Inflation Rate Slows to 3.9% in March
Hungary's annual inflation rate declined to 3.9 percent in March 2020 from 4.4 percent in the previous month, but above market expectations of 3.6 percent. Prices eased for furnishings (1.8 percent vs 2 percent in February); and education (3.3 percent vs 4 percent). Also, cost of transport dropped (-0.6 percent vs 4.2 percent). In contrast, prices advanced further for food & non-alcoholic beverages (7.7 percent vs 7 percent); recreation & culture (2.3 percent vs 2.1 percent); and clothing & footwear (1.1 percent vs 0.9 percent). Additionally, inflation was steady for housing & utilities (at 2 percent); alcoholic beverages & tobacco (at 7.6 percent) and health (at 3.9 percent). Meanwhile, core inflation increased to 4.3 percent, the highest level since December 2012, from 4.1 percent in the prior month. On a monthly basis, consumer prices went up 0.2 percent, slowing from a 0.3 percent gain in February.
Published on 2020-04-08

Hungary February Inflation Rate Slows to 4.4% in February
Hungary's annual inflation rate fell to 4.4 percent in February of 2020 from 4.7 percent in the previous month, though slightly above market forecasts of 4.3 percent. Prices slowed mostly for transport (4.2 percent vs 6.6 percent in January); housing & utilities (2 percent vs 2.1 percent); alcoholic beverages & tobacco (7.6 percent vs 7.7 percent) and health (3.9 percent vs 4.2 percent). On the other hand, inflation edged higher for food & non-alcoholic beverages (7 percent vs 6.9 percent), of which pork meat (27.3 percent); recreation & culture (2.1 percent vs 1.8 percent); education (4 percent vs 3.5 percent); clothing & footwear (0.9 percent vs 0.5 percent) and furnishings (2 percent vs 1.9 percent). Meanwhile, core inflation rose to 4.1 percent, the highest level since December of 2012, from 4 percent in the prior month. On a monthly basis, consumer prices went up 0.3 percent, slowing from a 0.9 percent rise in the previous month.
Published on 2020-03-10

Hungary Inflation Rate Highest since 2012
Hungary's inflation rate climbed to 4.7 percent year-on-year in January of 2020 from 4.0 percent in the previous month, above market expectations of 4.3 percent. The rate was the highest since December 2012, as prices advanced faster for food & non-alcoholic beverages (6.9 percent vs 5.7 percent in December); transport (6.6 percent vs 4.0 percent) and miscellaneous goods & services (2.7 percent vs 2.4 percent). On the other hand, cost rose at a softer pace for housing & utilities (2.1 percent vs 2.2 percent) and alcoholic beverages & tobacco (7.7 percent vs 8.8 percent). On a monthly basis, consumer prices increased 0.9 percent, following a 0.3 percent rise in the previous month. Meantime, core inflation edged up to 4.0 percent from 3.9 percent in the previous month.
Published on 2020-02-13

Hungary Inflation Rate Jumps to 7-Year High
Hungary's inflation rate climbed to 4.0 percent year-on-year in December 2019 from 3.4 percent in the previous month, above market expectations of 3.8 percent. The rate was the highest since December 2012 and remained at the top of the central bank's inflation target range, mainly boosted by prices of food and non-alcoholic beverages (5.7 percent vs 5.2 percent), transport (4.0 percent vs 0.1 percent); alcoholic beverages, tobacco (8.8 percent vs 8.6 percent); and recreation and culture (0.9 percent vs 0.6 percent). Core inflation edged down to 3.9 percent from 4 percent in the previous month. For 2019 full year, average headline inflation came in at 3.4 percent.
Published on 2020-01-14

Hungary Inflation Rate Highest in 5 Months
The annual inflation rate in Hungary increased to 3.4 percent in November of 2019 from 2.9 percent in October and above market expectations of 3.3 percent. It is the highest reading in five months amid faster increases in prices of food and non-alcoholic beverages (5.2 percent compared to 5 percent in October) and restaurants and hotels (7.2 percent compared to 7 percent) and a rebound in cost of transport (0.1 percent compared to -2.2 percent). On the other hand, inflation eased slightly for housing and utilities (2.2 percent compared to 2.3 percent). On a monthly basis, consumer prices edged up 0.1 percent, after a 0.6 percent increase in the previous month.
Published on 2019-12-10

Hungary October Inflation Rate Edges Up to 2.9%
Hungary's annual inflation rate rose to 2.9 percent in October 2019 from 2.8 percent in the previous month while markets had expected it to remain steady. Main upward pressure came from prices of food & non-alcoholic beverages (5 percent vs 4.8 percent in September); alcoholic beverages & tobacco (8.6 percent, the same pace as in the prior month); restaurants & hotels (7 percent vs 6.5 percent) and health (4.4 percent vs 4.1 percent). Meanwhile, cost advanced at the same pace for housing & utilities (2.3 percent) and miscellaneous goods & services (2.6 percent) while it fell for transport (-2.2 percent, the same pace as in September). On a monthly basis, consumer prices increased 0.6 percent, after rising 0.1 percent in the previous month.
Published on 2019-11-08

Hungary Inflation Rate Slows to 8-Month Low
Hungary's annual inflation rate eased to 2.8% in September of 2019 from 3.1% in the previous month and below market consensus of 3.0%. It was the lowest rate since January, mainly due to a slowdown in food & non-alcoholic beverages (4.8% vs 5.3% in August); housing & utilities (2.3% vs 2.4%); alcoholic beverages & tobacco (8.6 % vs 9.1 %); restaurants & hotels (6.5% vs 6.7%); furniture & household equipment (2.1% vs 2.3%) and clothing & footwear (0.7% vs 2.0%). In addition, transport cost declined further (-2.2% vs -1.1%). On the other hand, prices advanced faster for recreation & culture (1.2% vs 1.1%) and health (4.1% vs 4.0%) while inflation was steady for miscellaneous goods & services (at 2.6%) and education (at 3.2%). On a monthly basis, consumer prices rose 0.1%, rebounding from a 0.1% drop in the prior month.
Published on 2019-10-08

Hungary Inflation Rate Slows to 6-Month Low in August
Hungary's annual inflation rate eased to 3.1 percent in August of 2019 from 3.3 percent in the previous month but above market consensus of 3.2 percent. It was the lowest rate since February, mainly due to a slowdown in food & non-alcoholic beverages (5.3 percent vs 5.8 percent in July); recreation & culture (1.1 percent vs 1.6 percent) and furniture & household equipment (2.3 percent vs 2.5 percent) while transport cost fell 1.1 percent, the same as in July. On the other hand, prices advanced faster for housing & utilities (2.4 percent vs 2.3 percent); alcoholic beverages & tobacco (9.1 percent vs 8.9 percent) while inflation was steady for miscellaneous goods & services (at 2.6 percent). Meanwhile, core inflation came in at 3.7 percent, unchanged from the previous month and slightly below market expectations of 3.8 percent. On a monthly basis, consumer prices fell 0.1 percent, after increasing 0.2 percent in July.
Published on 2019-09-10

Hungary Inflation Rate Slows to 5-Month Low in July
Hungary's annual inflation rate eased to 3.3 percent in July of 2019 from 3.4 percent in the previous month and in line with market expectations. It was the lowest rate since February, as transport cost declined (-1.1 percent vs 0.5 percent in June) while recreation & culture prices went up at a softer pace (1.6 percent vs 2.6 percent). Meanwhile, cost advanced faster for food & non-alcoholic beverages (5.8 percent vs 5.6 percent); alcoholic beverages & tobacco (8.9 percent vs 7.3 percent); miscellaneous goods & services (2.6 percent vs 2.3 percent) and health (3.9 percent vs 3.8 percent) while inflation was steady for housing & utilities (at 2.3 percent); furniture & household equipment (at 2.5 percent) and restaurants & hotels (at 6.4 percent). Meantime, core inflation edged down to 3.7 percent, its lowest level since February, from 3.8 percent in the prior month. On a monthly basis, consumer prices increased 0.2 percent, after a 0.2 percent drop in June.
Published on 2019-08-08

Hungary June Inflation Rate at 4-Month Low of 3.4%
The annual inflation rate in Hungary fell to 3.4 percent in June 2019 from 3.9 percent in the previous month and below market expectations of 3.6 percent. Prices slowed for transport (0.5 percent from 4 percent in May); alcoholic beverages & tobacco (7.3 percent from 9.2 percent); and restaurant & hotels (6.4 percent from 7 percent). Also, cost of communication continued to fall (-0.7 percent, the same as in May). Meanwhile, prices rose further for food & non-alcoholic beverages (5.6 percent from 5.1 percent); miscellaneous goods & services (2.3 percent from 2.1 percent); clothing & footwear (1.2 percent from 0.9 percent); and recreation & culture (2.6 percent from 1.8 percent). Additionally, inflation was steady for housing & utilities (at 2.3 percent, the same as in May); health (at 3.8 percent); education (at 3.1 percent); and furniture & household equipment (at 2.5 percent). On a monthly basis, consumer prices dropped 0.2 percent, after a 0.7 percent gain in the prior month.
Published on 2019-07-09

Hungary Inflation Rate Unchanged at 3.9% in May
The annual inflation rate in Hungary came in at 3.9 percent in May of 2019, the same as in the previous month and in line with market expectations. Prices advanced faster for food & non-alcoholic beverages (5.1 percent from 5 percent in April); housing & utilities (2.3 percent from 2.2 percent); alcoholic beverages & tobacco (9.2 percent from 9.1 percent); miscellaneous goods & services (2.1 percent from 2 percent); restaurant & hotels (7 percent from 6.1 percent); health (3.8 percent from 3.6 percent); furniture & household equipment (2.5 percent from 1.9 percent) and clothing & footwear (0.9 percent from 0.5 percent). On the other hand, cost slowed for transport (4 percent from 4.7 percent); recreation & culture (1.8 percent from 2 percent) and education (3.1 percent from 3.4 percent). Meanwhile, prices continued to decrease for communication (-0.7 percent from -0.1 percent). On a monthly basis, consumer prices went up 0.7 percent, after a 0.9 percent gain in April.
Published on 2019-06-07