Strong Forint Drives Unexpected Drop in Hungarian Inflation
3 Articles
3 Articles
Strong Forint Drives Unexpected Drop in Hungarian Inflation
Hungary’s inflation rate unexpectedly slowed in May, surprising economists who had broadly anticipated a modest acceleration in price growth. Analysts speaking to MTI attributed the development largely to the strength of the forint and said the latest data gives the National Bank of Hungary (MNB) a clear opening to resume monetary easing. According to fresh data published by the Hungarian Central Statistical Office (KSH), annual consumer price i…
Inflation in May was quite different from analysts' expectations: according to the Central Statistical Office (KSH), consumer prices increased by only 1.8 percent, meaning that the dynamics of price increases slowed after the 2.1 percent inflation in April. Consumer prices did not change on a monthly basis. Annual core inflation was only 2 percent, and annual pension inflation was only 1.5 percent. The Central Statistical Office (KSH) report sho…
The latest report from the Central Statistical Office (KSH) came as a big surprise to the market and experts: instead of the expected acceleration, the annual rate of increase in consumer prices slowed to 1.8 percent in May from 2.1 percent in April. On a monthly basis, prices did not change at all on average. The post Hungarian inflation data contradicts all correlations, even experts were surprised was first published on Most Hír.
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