ADVERTISEMENT

MNB gauges of underlying inflation little changed in March, in spite of big headline drop

Food

The National Bank of Hungary's year-on-year “underlying inflation indicators” were little changed in March, in spite of a sharp drop in headline CPI. The indicator for core inflation excluding indirect tax effects was 1.7% in March, level with February. The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, edged down to 1.7% from 1.8%. The indicator for sticky price inflation, which includes items for which retail prices vary on average no more than 15% a month, inched up to 1.7% from 1.6%. Headline inflation for March, published by the Central Statistics Office (KSH) on Thursday, came in at 2.2%. The slowdown, from 2.8% in February and 3.7% in January, was largely supported by a 10% cut in household electricity, gas and district heating prices mandated by the government from the start of the year.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.