Hungary’s Consumer Price Index Climbs To 4.7% In January

  • 14 Feb 2020 11:46 AM
  • Hungary Matters
Hungary’s Consumer Price Index Climbs To 4.7% In January
Hungary’s twelve-month consumer price index rose to 4.7% in January, climbing over the upper threshold of the tolerance band around the National Bank of Hungary’s mid-term inflation target, data released by the Central Statistical Office (KSH) show.

Central bank rate-setters said at a policy meeting in January that CPI would “rise further temporarily”, lifted by fuel and food prices, before returning to the tolerance band “by the end of the first quarter of 2020”.

There is a +/- 1-percentage-point tolerance band around the central bank’s 3.0% “price stability” target.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports