The rate of consumer price inflation in Hungary accelerated to 3.9 percent in April from 3.7 percent in the previous month, the Central Statistical Office (KSH) said on Thursday.
In a monthly comparison, prices rose by 0.9 percent after a 0.7 percent rise in March.
Core inflation growth, which excludes volatile food and fuel prices, stayed unchanged at a seasonally adjusted 3.8 percent, the more than 6-year peak rate it picked up to in March.
Twelve-month headline inflation was the highest measured since December 2012 and the month-on-month rise was the steepest since January 2012.
Assessing inflation prospects after a rate-setting meeting on April 30, the National Bank of Hungary Monetary Council said that inflation “will fluctuate around” the 3 percent central bank target in the coming quarters, while the measure of core inflation excluding indirect tax effects – a bellwether indicator of underlying inflation – is “expected to continue to rise until the autumn months and then to decline from the end of 2019”.
Featured photo illustration by Zoltán Máthé/MTI
