MNB underlying inflation indicators rise in May

Food

Two of the National Bank of Hungaryʼs three "underlying measures of inflation" rose in April, data published by the central bank today reveal.

The indicator for core inflation, excluding indirect tax effects, was 1.3% in May, edging up from 1.2% in April.

The indicator for demand-sensitive inflation, which excludes processed foods from core inflation, rose to 2.0% from 1.9%.

The indicator for sticky price inflation, which includes items for which retail prices vary, on average, no more than 15% a month, rose to 2.3% from 2.2%.

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

Consumer prices in Hungary rose 0.5% in May, the Central Statistics Office (KSH) said earlier on Tuesday. The decline followed a 0.3% drop in April. Seasonally-adjusted core inflation rose 1.3%.

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