empty
 
 

2023.06.0811:53:00UTC+00Hungary Inflation Eases To 21.5%, Lowest In 7 Months

Hungary's consumer price inflation eased for the fourth straight month to the lowest level in seven months, preliminary data from the Hungarian Central Statistical Office showed on Thursday.

The consumer price index, or CPI, climbed 21.5 percent year-on-year in May after a 24.0 percent rise in April. Economists had forecast inflation of 22.3 percent.

The latest rate was the lowest since October last year, when it was 21.1 percent.

Headline inflation had peaked at 25.7 percent in January 2023.

Similarly, the core inflation that excludes volatile prices including those of alcoholic beverages and tobacco eased to 22.8 percent from 24.8 percent in the previous month.

That was also the lowest since October. Economists had forecast 23.3 percent core inflation.

Food price inflation moderated to 35.0 percent from 37.9 percent in April. The annual price growth for electricity, gas, and other fuels softened to 37.2 percent from 41.5 percent.

Prices for consumer durables and alcoholic beverages and tobacco grew by 8.1 percent and 19.3 percent, respectively. Service charges gained 14.3 percent.

On a monthly basis, consumer prices fell 0.4 percent versus a 0.7 percent rise in April.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback