Hungary’s CPI Rises Above Consensus to 27-year High in January

2023. február 13.

bne IntelliNews

Consumer prices in Hungary rose 25.7% (chart) year-on-year in January, a 27-year-high, accelerating from a 24.5% growth in December on higher household energy and food prices, the Central Statistics Office (KSH) said on February 10.

On a monthly basis, prices edged up to 2.3%, also well above the consensus. For months now, Hungary leads the EU in inflation. Headline inflation rose 10.4% y/y in December and EU and is on a downward trend, while consumer prices in Hungary continue to rise.