Consumer prices were 4.6% higher on average in July 2021 than a year earlier, according to the Central Statistical Office. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices were up by 0.5% on average. In the past 12 months, compared […]

At its meeting on July 27, 2021, the Monetary Council of the National Bank of Hungary (Magyar Nemzeti Bank – MNB) reviewed the latest economic and financial developments and decided to increase the central bank base rate by 30 basis points to 1.20% in effect from the next day. The goal of the measure is […]

Housing prices in Hungary have nearly doubled in the past ten years; the extent of price increases was higher only in two other European Union member states in this period. Despite the jump in prices, interest in home purchases remains strong. Average residential real estate prices in Hungary increased by nearly 100% in the last […]

Consumer prices were 5.3% higher on average in June 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages, tobacco and motor fuels. In one month, consumer prices increased on average by 0.6%. According to data published by the country's Central Statistical Office (KSH), in the past 12 months, […]

National Bank of Hungary (MNB) governor György Matolcsy said he believes the 5.9-percent-of-GDP deficit target in the 2022 budget is "a mistake" and could set the country up for "persistently high inflation." He wrote in an online column this Monday that "Parliament has approved the 2022 budget and its target for a 5.9-percent-of-GDP deficit. I […]

Consumer prices were 5.1% higher on average in April 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices increased by 0.8% on average. In the 12 months, compared to April 2020 – according to data by […]

Consumer prices were 3.7% higher on average in March 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices increased by 0.7% on average. Compared to March 2020, food prices were up by 2.7%, within which the […]

Consumer prices were 3.1% higher on average in February 2021 than a year earlier, Hungary's Central Statistical Office reports. Relatively significant price rises were measured over the last 12 months for alcoholic beverages and tobacco, and price rises slightly exceeding the average for food and consumer durables. In one month, consumer prices increased by 0.7% on average, […]

In November 2020, annual inflation stood at 2.7% and core inflation at 3.9%. Core inflation adjusted for the effects of indirect taxes, was 3.3%. Inflation fell by 0.3 percentage points relative to the previous month, primarily reflecting a decline in fuel and regulated product prices. The National Bank of Hungary (MNB) says its measures of […]

Following an EU record 3.8% annual inflation rate in July, this figure rose to 3.9% year on year in August, primarily reflecting increases in the prices of fuel and industrial goods due in part to base effects. A report published this Friday by the National Bank of Hungary (MNB) is of the view that supply-demand […]

Hungarian inflation unexpectedly jumped to 3.8% percent in July. After that announcement last week by the country's Central Statistical Office said last week, it has now also become clear that nowhere in Europe such a rate of price rise has been measured, portfolio.hu reports. The financial website notes that one-off effects also played a role […]

Hungary’s consumer price inflation rose an annual 2.9% in October, fueled primarily by an above-average increase in food prices, according to data published by the Central Statistical Office. The annual inflation index was 2.8% in September. Core inflation, which excludes volatile food and energy prices, rose from 3.9% in the previous month to 4% in […]

Without austerity measures, Hungary will overshoot budget deficit goal in 2013 and the annual inflation rate is likely to climb to 5% from 3.4%. That is the projection by the National Bank of Hungary in its quarterly Report on Inflation.