Hungarian Inflation Remains on a Downward Slope

2020. december 08.

ING Think

Hungarian headline inflation dropped further in November on the back of fuel prices and free public parking. And in the first quarter of 2021, we expect inflation to dip towards 2%. Headline inflation in Hungary came in at 2.7% year-on-year in November, slowing further down compared to the previous reading. However, the fall was driven by factors which are excluded from the core inflation basket.