Skip to content
Subscriber Only

Hungary Deflation Exit Shows No Sign of Swaying Central Bank

Updated on

Hungarian consumer prices rose for the first time in nine months in May, exceeding forecasts yet without changing the assessment driving the central bank’s continuing rate-cutting cycle.

Inflation was 0.5 percent in May from a year earlier, the highest reading since 2013, the statistics office in Budapest said in a statement Tuesday. That compared with a 0.3 percent drop in April and a median estimate for a 0.1 percent increase in a Bloomberg survey of 12 economists. Consumer prices rose 0.7 percent in the month.