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MNB underlying inflation indicators rise in April

Food

 All three of the National Bank of Hungaryʼs (MNB) "underlying measures of inflation" rose in April, data published by the central bank on today reveal. The indicator for core inflation, excluding indirect tax effects, was 1.2% in April, edging up from 1.0% in March.

The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, rose to 1.9% from 1.6%.

The indicator for sticky price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, rose to 2.2% from 2.1%.

The MNB said the indicatorsʼ levels "continue to show a moderate inflation environment".

Consumer prices in Hungary fell 0.3% in April, the Central Statistics Office (KSH) said earlier Friday. The decline slowed from a 0.6% drop in March. Seasonally-adjusted core inflation rose 1.2%.

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