UBS cuts Brent crude oil forecasts
Investing.com -- Hungary’s inflation rate accelerated to 4.4% in May from 4.2% in April, according to data published by the Central Statistical Office (KSH) on Monday.
Consumer prices rose by 0.2% on a monthly basis, pushing the annual inflation rate higher. The May figure slightly exceeded market expectations and analyst consensus forecasts.
Core inflation, which excludes volatile food and energy prices, showed improvement by slowing to 4.8% in May compared to 5.0% recorded in April.
The latest inflation data provides insight into Hungary’s economic conditions as the country continues to monitor price pressures across various sectors.
The monthly increase in consumer prices contributed to the overall acceleration in the annual inflation rate, marking a continuation of inflationary pressures in the Hungarian economy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.