Hungary Inflation Rate Climbs Higher in Broad-Based Price Surge
- Inflation rate rises to 8.5% in March, highest since 2007
- Core inflation rose to an annual 9.1%, highest in 21 years
Consumer prices in Hungary rose an annual 8.5% in March.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Hungarian inflation continued to accelerate as the effects of record pre-election spending, weaker currency and a surge in oil prices following Russia’s invasion of Ukraine fed through to prices across the economy.
Consumer price rose an annual 8.5% in March, the highest level since 2007, the Budapest-based statistics office said in a statement on Friday. The median estimate in a Bloomberg survey was 8.8%. Core inflation, which excludes volatile energy and food prices, jumped to an annual 9.1%, the fastest pace in almost 21 years.