Core inflation , calculated with a revised methodology, slowed to 25.2% in February from 25.4% in January, also meeting a 25.2% forecast in a Reuters survey. Prices increased by 0.8% from the previous month, the KSH said. The KSH said the prices of electricity, gas and other fuels, and food prices jumped the most in annual terms.
Average inflation for 2022 was 14.5%.
As of April 2021, the KSH no longer includes alcohol and
tobacco prices in its core inflation figure. The National Bank
of Hungary targets 3% headline inflation with a tolerance band
of a percentage point on either side.
Food prices rose by 43.3% year-on-year, household energy
prices jumped by 49% after the government curtailed utility bill
subsidies last year. Consumer durables prices increased by
12.6%, with prices of new cars jumping 23.9%, while services
prices rose by 11.6% in annual terms.
INFLATION (% change) Feb 2023 Jan 2023 Feb 2022
Headline CPI m/m 0.8 2.3 1.1
Headline CPI y/y 25.4 25.7 8.3
Core CPI y/y 25.2 25.4 8.1
(Reporting by Krisztina Than)
