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While European Union annual inflation came to 1.4% in July, down from 1.6% in June, the second highest annual inflation rate at national level was registered in Hungary, at 3.3%, according to figures published by Eurostat, the EUʼs official statistical office.
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Fitch Ratings affirmed Hungary’s ‘BBB’ sovereign rating, two notches over the investment grade threshold, with a ‘stable’ outlook.
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Fitch Ratings and Standard and Poor’s Global Ratings are both scheduled to review Hungary’s sovereign credit rating on Friday.
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Hungary's GDP rose by an annual 4.9% in the second quarter of 2019, the Central Statistical Office (KSH) said in a first reading of data.
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Hungary’s annualised consumer price index stood at 3.3% in July, slowing from 3.4% in the previous month, the Central Statistical Office (KSH) said.
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Hungary had a 556 million euro trade surplus in June, narrowing by 437 million euros from the same period a year earlier, the Central Statistical Office (KSH) said in a first reading of data.
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