Hungary: Inflation falls below Central Bank’s target ceiling in March
Consumer prices increased 0.2% over the previous month in March, following a 0.3% month-on-month rise in February. The print largely reflected higher prices for food, alcoholic beverages and tobacco, clothing and footwear, and services.
Meanwhile, inflation fell to 3.9% in March, from 4.4% in February, marking the lowest reading in four months. Thus, inflation moved below the upper ceiling of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. On the other hand, core inflation, in seasonally-adjusted terms, inched up to 4.3% in March, from February’s 4.1%.
Annual average inflation clocked in at 3.6% in March, matching February’s print.