MNB: Underlying inflation indicators fall

Automotive

The Hungarian central bank today said that two of its three "underlying measures of inflation" fell in November: the indicator for core inflation, excluding indirect tax effects, was 1.2% in November down from October’s 1.4%, while the indicator for demand-sensitive inflation, which excludes processed foods from core inflation, was at 1.6% in November, down from October’s 1.7%.

Today the Central Statistics Office KSH said that he Consumer Price Index (CPI) in Hungary fell by a y.o.y 0.7% in November, while emerging market analysts in London earlier projected November's CPI at negative 0.5%.

"The levels of the measures continue to indicate a moderate inflation environment," the National Bank of Hungary (MNB) said in a monthly analysis. The MNB attributed the decline in headline CPI in November to the fall in the price of vehicle fuel.

ADVERTISEMENT

Growth plans and inflation uncertainty in European companies Analysis

Growth plans and inflation uncertainty in European companies

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

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.