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Hungary: Tax Adjusted Core CPI Jumps Above the Target

2019. március 08.

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...