Hungary CPI falls to 2.7 pc in Dec, under National Bank of Hungary mid-term target

Consumer prices in Hungary rose by 2.7 percent year-on-year in December, continuing to slow after an acceleration that lasted for much of the year.

Headline CPI slowed from 3.1 percent in November, 3.8 percent in October and 3.6 percent in September, all over the National Bank of Hungary‘s 3.0 percent mid-term target for “price stability”.

Average annual inflation reached 2.8 percent for 2018.

December CPI was lifted by a 5.2 percent rise in the price of spirits and tobacco and a 4.7 percent increase in food prices. Household energy prices were up by 1.2 percent, consumer durable prices edged up by 0.5 percent, clothing prices increased by 0.7 percent and prices in the category of goods which includes vehicle fuel climbed 1.5 percent. Service prices increased by 2.3 percent.

CPI harmonised for better comparison with other European Union member states stood at 2.8 percent.