Hungarian Inflation Falls to 17.6% in July

2023. augusztus 15.

bne IntelliNews

Consumer prices in Hungary rose 17.6% year-on-year in July (chart), slowing from 20.8% in the previous month, in line with forecasts, data from the Central Statistics Office (KSH) on August 8 showed. On a monthly basis, prices edged up 0.3%.

Inflation fell for the sixth month in a row after peaking at 25.7% in January, but Hungary still has the highest inflation in the EU. Core inflation, which excludes volatile fuel and food prices, was 17.5%, below the headline data for the first time since February, a positive sign showing that underlying inflationary trends are easing.