ADVERTISEMENT

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meetings

Figures

Photo by noppawan09/Shutterstock.com

Participants at the spring meetings of the International Monetary Fund (IMF) and the World Bank Group have acknowledged the marked slowdown in inflation in Hungary, the Finance Ministry's state secretary for international affairs told MTI in Washington DC on Wednesday.

When the Hungarian delegation informed the spring meetings a year earlier of the government's intent to bring CPI back to the single digits by the end of the year, investors responded "with scepticism", Tibor Tóth said.

The fact that inflation dropped into the single digits by October and reached 3.7% and 3.8% by early 2024 was acknowledged at this year's spring meetings, he added.

Hungary's headline CPI reached the 3% +/-1 pp tolerance band of the National Bank of Hungary (MNB) in January after peaking at 25.7% a year earlier, supported by government measures and central bank monetary policy.

Hungary Motor Fuel Prices Below Regional Average Energy Trade

Hungary Motor Fuel Prices Below Regional Average

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

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.