ING Think
Today’s strong inflation readings mean that the National Bank of Hungary has just reached the point of no return, with all inflation indicators above target. - Headline inflation came in at 3.1% YoY in February, accelerating by 0.4ppt from the January reading. The above-consensus reading was fuelled by price changes in goods. First of all, the 5.2% price increase in food products added 1.4ppt to the headline reading, 0.3ppt higher than in the previous month. More...
