Core inflation , slowed to 24.8% in April from 25.7% in
March, falling short of 25.1% forecast in a Reuters survey. Prices
increased by 0.7% from the previous month, the KSH said.
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 37.9% year-on-year, household energy prices
jumped by 41.8% after the government curtailed utility bill subsidies
last year. Consumer durables prices increased by 9.3%, with prices of new
cars jumping 18.0%, while services prices rose by 14.1% in annual terms.
INFLATION (% change) April 2023 March 2023 April 2022
Headline CPI m/m 0.7 0.8 1.6
Headline CPI y/y 24.0 25.2 9.5
Core CPI y/y 24.8 25.7 10.3
(Reporting by Antonis Triantafyllou and Katarzyna Zajaszkowska in Gdansk)
